Demars Financial Group LLC Acquires 300,161 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Demars Financial Group LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 15,236.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 302,131 shares of the financial services provider's stock after buying an additional 300,161 shares during the period. Demars Financial Group LLC owned approximately 0.05% of Intercontinental Exchange worth $45,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $25,000. Redwood Park Advisors LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $33,000. Lee Danner & Bass Inc. acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $34,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $40,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Intercontinental Exchange during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 0.1 %

Shares of NYSE:ICE traded down $0.10 during trading on Friday, hitting $158.34. 2,742,738 shares of the company's stock were exchanged, compared to its average volume of 2,927,183. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm 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 50-day moving average price of $167.10 and a two-hundred day moving average price of $160.49. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given 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 is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

Analyst Upgrades and Downgrades

ICE has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Barclays upped their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods upped their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Bank of America cut their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.47.

Insider Buying and Selling

In related news, insider Lynn C. Martin sold 4,155 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.60, for a total transaction of $688,068.00. Following the completion of the sale, the insider now owns 57,376 shares of the company's stock, valued at approximately $9,501,465.60. The trade was a 6.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now directly owns 21,364 shares of the company's stock, valued at approximately $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 sold 62,931 shares of company stock worth $10,492,868. 1.00% of the stock is owned by insiders.

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.