Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 728,133 shares of the financial services provider's stock after purchasing an additional 61,110 shares during the quarter. Intercontinental Exchange accounts for 5.0% of Dixon Mitchell Investment Counsel Inc.'s portfolio, making the stock its 3rd largest holding. Dixon Mitchell Investment Counsel Inc. owned approximately 0.13% of Intercontinental Exchange worth $108,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC raised its stake in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock worth $25,000 after acquiring an additional 147 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in Intercontinental Exchange in the 3rd quarter worth approximately $26,000. Financial Management Professionals Inc. lifted its holdings in Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after buying an additional 87 shares in the last quarter. Fairscale Capital LLC bought a new position in Intercontinental Exchange in the 2nd quarter valued at $25,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at $29,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ICE shares. TD Cowen initiated coverage on Intercontinental Exchange in a report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price target on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price objective on shares of Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating on the stock in a report on Monday. Bank of America raised their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, Piper Sandler increased their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.20.

Intercontinental Exchange Stock Up 1.3 %

ICE stock traded up $1.87 during trading hours on Thursday, reaching $150.11. 2,823,368 shares of the stock were exchanged, compared to its average volume of 3,223,848. The firm's 50-day moving average is $153.47 and its 200-day moving average is $155.48. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99. The company has a market cap of $86.19 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.29 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the firm earned $1.46 EPS. Intercontinental Exchange's revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.06 earnings per share for the current year.

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stuart Glen Williams sold 750 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now owns 12,780 shares of the company's stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,533 shares of company stock worth $1,196,279 over the last ninety days. 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.