Dash Acquisitions Inc. Purchases 2,412 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Dash Acquisitions Inc. increased its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,942 shares of the financial services provider's stock after buying an additional 2,412 shares during the quarter. Intercontinental Exchange accounts for approximately 2.4% of Dash Acquisitions Inc.'s holdings, making the stock its 16th biggest holding. Dash Acquisitions Inc.'s holdings in Intercontinental Exchange were worth $10,633,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB raised its position in Intercontinental Exchange by 14.5% during the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider's stock valued at $20,441,000 after purchasing an additional 16,130 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Intercontinental Exchange by 836.4% during the third quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider's stock valued at $66,000 after buying an additional 368 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Intercontinental Exchange during the third quarter valued at approximately $26,000. Whittier Trust Co. lifted its stake in Intercontinental Exchange by 1.3% in the third quarter. Whittier Trust Co. now owns 5,916 shares of the financial services provider's stock worth $950,000 after acquiring an additional 76 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in Intercontinental Exchange by 26.4% in the third quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Up 0.7 %

Intercontinental Exchange stock traded up $1.25 during mid-day trading on Friday, reaching $168.04. The stock had a trading volume of 2,853,143 shares, compared to its average volume of 2,939,269. The company has a market capitalization of $96.55 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.11 and a beta of 1.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $169.78. The company has a 50-day moving average price of $155.18 and a two-hundred day moving average price of $157.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued 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, analysts expect that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

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 dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.14%. Intercontinental Exchange's dividend payout ratio is 40.17%.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the sale, the president now directly owns 155,174 shares in the company, valued at approximately $25,855,091.88. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction of $88,785.73. Following the transaction, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,196 shares of company stock worth $10,840,972 over the last quarter. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ICE has been the subject of several research reports. Keefe, Bruyette & Woods upped their price objective 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. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. decreased their target price 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. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $178.80.

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.