Murphy & Mullick Capital Management Corp acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,820 shares of the financial services provider's stock, valued at approximately $420,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Intercontinental Exchange by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock valued at $5,647,000 after purchasing an additional 366 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of Intercontinental Exchange by 6.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock valued at $11,022,000 after acquiring an additional 4,787 shares in the last quarter. M&T Bank Corp lifted its holdings in Intercontinental Exchange by 33.2% in the 3rd quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock valued at $7,500,000 after acquiring an additional 11,648 shares during the last quarter. Avantra Family Wealth Inc. acquired a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $702,000. Finally, Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of Intercontinental Exchange by 9.2% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock valued at $108,515,000 after buying an additional 61,110 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.
Intercontinental Exchange Stock Down 1.0 %
Shares of ICE traded down $1.71 during trading hours on Friday, hitting $174.65. 3,199,231 shares of the company were exchanged, compared to its average volume of 2,778,671. 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 $100.35 billion, a PE ratio of 36.54, a PEG ratio of 2.10 and a beta of 1.08. The firm's 50 day moving average is $167.12 and its 200-day moving average is $160.56. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $177.45.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results 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%. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.
Intercontinental Exchange Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.10%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.
Insiders Place Their Bets
In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction that occurred on 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 directly owns 21,992 shares of the company's stock, valued at $3,661,008.24. The trade was a 32.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Benjamin Jackson sold 7,900 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the sale, the president now directly owns 147,274 shares of the company's stock, valued at $25,247,181.82. This represents a 5.09 % 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 in the last quarter. Insiders own 1.10% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. UBS Group boosted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Barclays upped their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and a consensus price target of $178.80.
Read Our Latest Analysis on ICE
About Intercontinental Exchange
(
Free Report)
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.
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