Jones Financial Companies Lllp Has $762,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Jones Financial Companies Lllp grew its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 150.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,115 shares of the financial services provider's stock after purchasing an additional 3,076 shares during the period. Jones Financial Companies Lllp's holdings in Intercontinental Exchange were worth $762,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ICE. Principal Financial Group Inc. grew its stake in shares of Intercontinental Exchange by 3.7% in the third quarter. Principal Financial Group Inc. now owns 656,874 shares of the financial services provider's stock valued at $105,520,000 after buying an additional 23,638 shares in the last quarter. Verity Asset Management Inc. acquired a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $207,000. Capital Performance Advisors LLP bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $29,000. Fiera Capital Corp raised its position in shares of Intercontinental Exchange by 8.5% during the 3rd quarter. Fiera Capital Corp now owns 29,056 shares of the financial services provider's stock valued at $4,668,000 after acquiring an additional 2,268 shares in the last quarter. Finally, Beckerman Institutional LLC bought a new position in Intercontinental Exchange during the third quarter worth $562,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of ICE traded up $0.75 during mid-day trading on Friday, reaching $170.40. 3,541,790 shares of the company's stock traded hands, compared to its average volume of 2,591,358. The business's 50-day moving average price is $159.46 and its 200-day moving average price is $159.29. 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 stock has a market capitalization of $97.91 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $175.41.

Remove Ads

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 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%. Equities 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. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now directly owns 44,702 shares in the company, valued at $6,977,088.16. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Douglas Foley sold 10,580 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the sale, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,268 shares of company stock worth $11,262,789 over the last three months. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ICE. Deutsche Bank Aktiengesellschaft increased their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. UBS Group upped their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $178.80.

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.