Motley Fool Asset Management LLC Increases Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Motley Fool Asset Management LLC grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,115 shares of the financial services provider's stock after acquiring an additional 3,007 shares during the period. Motley Fool Asset Management LLC's holdings in Intercontinental Exchange were worth $3,891,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at $34,000. BankPlus Trust Department bought a new position in shares of Intercontinental Exchange in the fourth quarter worth $40,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Intercontinental Exchange in the fourth quarter worth $45,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter worth $51,000. 89.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ICE has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. UBS Group boosted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Barclays lifted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and an average price target of $182.47.

Intercontinental Exchange Stock Up 0.9 %

Shares of ICE traded up $1.34 on Tuesday, reaching $155.99. The stock had a trading volume of 1,641,485 shares, compared to its average volume of 2,860,761. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $177.45. The firm has a market capitalization of $89.62 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company has a 50-day simple moving average of $168.37 and a 200-day simple moving average of $160.75.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's payout ratio is currently 40.17%.

Insiders Place Their Bets

In related news, SVP Douglas Foley sold 10,580 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the transaction, the senior vice president now directly owns 21,992 shares in the company, valued at $3,661,008.24. The trade was a 32.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now owns 12,922 shares in the company, valued at approximately $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,563 shares of company stock worth $10,998,990. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange 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.