Envestnet Asset Management Inc. Raises Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Envestnet Asset Management Inc. boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136,610 shares of the financial services provider's stock after purchasing an additional 4,673 shares during the quarter. Envestnet Asset Management Inc. owned about 0.20% of Intercontinental Exchange worth $169,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ICE. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth $25,000. Lee Danner & Bass Inc. purchased a new stake in Intercontinental Exchange during the fourth quarter valued at about $34,000. BankPlus Trust Department purchased a new stake in Intercontinental Exchange during the fourth quarter valued at about $40,000. Mountain Hill Investment Partners Corp. bought a new stake in Intercontinental Exchange during the fourth quarter worth about $45,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth about $51,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Up 0.5 %

NYSE:ICE traded up $0.73 during mid-day trading on Friday, reaching $155.92. 2,786,452 shares of the company's stock traded hands, compared to its average volume of 2,919,019. The company has a 50 day moving average price of $167.80 and a 200-day moving average price of $160.52. The firm has a market capitalization of $89.57 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 2.10 and a beta of 1.09. 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 12-month low of $124.34 and a 12-month high of $177.45.

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 net margin of 23.42% and a return on equity of 12.95%. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.23%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Bank of America reduced their target price 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. Finally, UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average target price of $182.47.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was 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 owns 12,922 shares of the company's stock, valued at approximately $1,908,967.06. This represents a 4.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Benjamin Jackson sold 7,900 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now owns 147,274 shares of the company's stock, valued at approximately $25,247,181.82. The trade was a 5.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,563 shares of company stock valued at $10,998,990. Company insiders own 1.10% of the company's stock.

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.