Oppenheimer & Co. Inc. Boosts Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Oppenheimer & Co. Inc. boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 215.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,455 shares of the financial services provider's stock after acquiring an additional 3,044 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Intercontinental Exchange were worth $664,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in 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 worth $5,647,000 after acquiring an additional 366 shares in the last quarter. Kestra Private Wealth Services LLC increased its position 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 buying an additional 4,787 shares in the last quarter. M&T Bank Corp increased its position in shares of Intercontinental Exchange by 33.2% in the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock valued at $7,500,000 after buying an additional 11,648 shares in the last quarter. Avantra Family Wealth Inc. purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at $702,000. Finally, Dixon Mitchell Investment Counsel Inc. increased its position in shares of Intercontinental Exchange by 9.2% in 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. Hedge funds and other institutional investors own 89.30% of the company's stock.

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Wall Street Analyst Weigh In

ICE has been the subject of a number of research analyst reports. UBS Group raised their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price objective 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. Keefe, Bruyette & Woods lifted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $178.80.

Intercontinental Exchange Trading Up 0.4 %

NYSE:ICE traded up $0.75 during mid-day trading on Friday, reaching $170.40. The company's stock had a trading volume of 3,541,790 shares, compared to its average volume of 2,591,358. The stock has a market cap of $97.91 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $175.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company's fifty day simple moving average is $159.46 and its two-hundred day simple moving average is $159.29.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid 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 is currently 40.17%.

Insider Activity

In other news, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 601 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the transaction, the insider now directly owns 12,922 shares in the company, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,268 shares of company stock valued at $11,262,789 in the last three months. Corporate insiders own 1.10% of the company's stock.

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.