Evoke Wealth LLC Invests $280,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

Evoke Wealth LLC bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,878 shares of the financial services provider's stock, valued at approximately $280,000.

A number of other large investors have also recently added to or reduced their stakes in ICE. Janus Henderson Group PLC increased its position in Intercontinental Exchange by 326.3% during the third quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider's stock worth $726,196,000 after acquiring an additional 3,460,096 shares during the period. Raymond James Financial Inc. acquired a new stake in Intercontinental Exchange in the 4th quarter worth $406,728,000. FMR LLC increased its holdings in shares of Intercontinental Exchange by 44.1% during the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock worth $1,260,449,000 after purchasing an additional 2,401,630 shares during the period. Swedbank AB raised its position in shares of Intercontinental Exchange by 2,293.3% during the fourth quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after buying an additional 2,123,185 shares during the last quarter. Finally, AMF Tjanstepension AB lifted its stake in shares of Intercontinental Exchange by 1,237.7% in the fourth quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider's stock valued at $253,591,000 after buying an additional 1,574,386 shares during the period. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded up $0.88 on Monday, reaching $175.27. The company's stock had a trading volume of 2,982,397 shares, compared to its average volume of 2,599,555. The business's fifty day moving average price is $164.29 and its 200 day moving average price is $160.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $100.70 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $176.17.

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Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly 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%. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.10%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 40.17%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note 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 report on Friday, February 7th. Barclays increased 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $178.80.

Insider Activity at Intercontinental Exchange

In related news, SVP Douglas Foley sold 10,580 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the transaction, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. This trade represents a 32.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock valued at $10,998,990 over the last quarter. Corporate insiders own 1.10% of the company's stock.

About Intercontinental Exchange

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.