GDS Wealth Management Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

GDS Wealth Management lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,412 shares of the financial services provider's stock after acquiring an additional 5,226 shares during the period. Intercontinental Exchange accounts for 1.6% of GDS Wealth Management's holdings, making the stock its 22nd largest position. GDS Wealth Management's holdings in Intercontinental Exchange were worth $16,612,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. grew its holdings in shares of Intercontinental Exchange by 13.8% during the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider's stock worth $82,000 after buying an additional 62 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in Intercontinental Exchange by 26.4% during the 3rd 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. Integrated Advisors Network LLC raised its holdings in Intercontinental Exchange by 4.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 66 shares during the last quarter. American National Bank lifted its stake in Intercontinental Exchange by 13.8% in the 2nd quarter. American National Bank now owns 569 shares of the financial services provider's stock worth $78,000 after purchasing an additional 69 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Intercontinental Exchange by 6.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider's stock worth $192,000 after purchasing an additional 70 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Up 0.4 %

ICE traded up $0.65 during trading hours on Monday, hitting $157.07. 1,300,345 shares of the company's stock were exchanged, compared to its average volume of 2,565,501. The firm has a 50 day moving average of $161.52 and a 200 day moving average of $149.31. The firm has a market cap of $90.19 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12-month low of $108.62 and a 12-month high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts' consensus estimates of $1.55. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 EPS. Analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is presently 42.65%.

Analyst Upgrades and Downgrades

ICE has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday. TD Cowen started coverage on Intercontinental Exchange in a report on Thursday, September 26th. They set a "buy" rating and a $182.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. StockNews.com downgraded shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average target price of $174.13.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now owns 44,865 shares of the company's stock, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO James W. Namkung sold 1,171 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $160.00, for a total transaction of $187,360.00. Following the sale, the chief accounting officer now owns 16,665 shares of the company's stock, valued at approximately $2,666,400. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now owns 44,865 shares of the company's stock, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock worth $1,202,259 over the last 90 days. 1.10% of the stock is owned by insiders.

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.