Callan Family Office LLC Invests $1.51 Million in Intercontinental Exchange, Inc. (NYSE:ICE)

Callan Family Office LLC bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,098 shares of the financial services provider's stock, valued at approximately $1,505,000.

Other hedge funds have also added to or reduced their stakes in the company. M&G PLC bought a new position in shares of Intercontinental Exchange during the 3rd quarter worth about $10,720,000. Graypoint LLC boosted its holdings in Intercontinental Exchange by 4.5% in the third quarter. Graypoint LLC now owns 6,889 shares of the financial services provider's stock worth $1,107,000 after acquiring an additional 298 shares in the last quarter. Principal Financial Group Inc. grew its stake in Intercontinental Exchange by 3.7% in the third quarter. Principal Financial Group Inc. now owns 656,874 shares of the financial services provider's stock valued at $105,520,000 after acquiring an additional 23,638 shares during the period. Consolidated Planning Corp grew its stake in Intercontinental Exchange by 14.4% in the third quarter. Consolidated Planning Corp now owns 23,503 shares of the financial services provider's stock valued at $3,776,000 after acquiring an additional 2,962 shares during the period. Finally, Verity Asset Management Inc. bought a new stake in shares of Intercontinental Exchange during the third quarter valued at approximately $207,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Price Performance

Shares of ICE stock traded up $0.75 during trading hours on Friday, reaching $170.40. The stock had a trading volume of 3,541,790 shares, compared to its average volume of 2,591,358. The stock's fifty day simple moving average is $159.46 and its 200 day simple moving average is $159.29. The firm has a market capitalization of $97.91 billion, a PE ratio of 35.65, a PEG ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $175.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

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Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.13%. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ICE. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays raised their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $178.80.

Insider Buying and Selling at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 601 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the transaction, the insider now directly owns 12,922 shares in the company, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,268 shares of company stock valued at $11,262,789 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.