Charter Oak Advisors LP Takes $15.96 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Charter Oak Advisors LP acquired a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 107,090 shares of the financial services provider's stock, valued at approximately $15,957,000. Intercontinental Exchange comprises approximately 9.1% of Charter Oak Advisors LP's holdings, making the stock its 3rd biggest holding.

Several other large investors have also added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $25,000. Redwood Park Advisors LLC purchased a new stake in shares of Intercontinental Exchange in the 4th quarter worth approximately $33,000. Lee Danner & Bass Inc. purchased a new position in Intercontinental Exchange during the fourth quarter valued at $34,000. BankPlus Trust Department bought a new stake in Intercontinental Exchange in the fourth quarter worth $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Intercontinental Exchange during the fourth quarter valued at $45,000. Institutional investors own 89.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ICE shares. Barclays raised their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods raised their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, UBS Group boosted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.47.

Insider Buying and Selling

In other news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the transaction, the president now owns 164,041 shares in the company, valued at approximately $27,183,234.11. The trade was a 3.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the sale, the director now owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,931 shares of company stock worth $10,492,868. Insiders own 1.00% of the company's stock.

Intercontinental Exchange Price Performance

ICE traded down $0.10 during trading on Friday, reaching $158.34. 2,742,738 shares of the company traded hands, compared to its average volume of 2,924,529. The company has a market cap of $90.97 billion, a P/E ratio of 33.13, a PEG ratio of 2.10 and a beta of 1.09. The firm has a fifty day simple moving average of $167.10 and a 200 day simple moving average of $160.49. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $177.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

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

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.

Intercontinental Exchange Company 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.