Petros Family Wealth LLC Acquires Shares of 6,282 Intercontinental Exchange, Inc. (NYSE:ICE)

Petros Family Wealth LLC purchased a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,282 shares of the financial services provider's stock, valued at approximately $936,000. Intercontinental Exchange makes up approximately 1.0% of Petros Family Wealth LLC's holdings, making the stock its 23rd biggest holding.

A number of other institutional investors have also recently made changes to their positions in ICE. Wealth Enhancement Advisory Services LLC lifted 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 valued at $5,647,000 after buying an additional 366 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Intercontinental Exchange by 6.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock worth $11,022,000 after acquiring an additional 4,787 shares during the last quarter. M&T Bank Corp increased its position in Intercontinental Exchange by 33.2% during the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock worth $7,500,000 after buying an additional 11,648 shares in the last quarter. Avantra Family Wealth Inc. acquired a new stake in Intercontinental Exchange during the fourth quarter worth approximately $702,000. Finally, Dixon Mitchell Investment Counsel Inc. grew 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 purchasing an additional 61,110 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares of the company's stock, valued at $25,247,181.82. The trade was a 5.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lynn C. Martin sold 4,155 shares of Intercontinental Exchange stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total transaction of $688,068.00. Following the transaction, the insider now directly owns 57,376 shares of the company's stock, valued at $9,501,465.60. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,301 shares of company stock worth $10,074,698. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Barclays upped their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Bank of America cut their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Three 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.47.

Intercontinental Exchange Price Performance

NYSE:ICE traded up $2.02 during mid-day trading on Thursday, hitting $160.46. The company's stock had a trading volume of 1,025,471 shares, compared to its average volume of 3,427,970. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $167.45 and a 200-day moving average of $160.52. The company has a market capitalization of $92.18 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 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%. As a group, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.20%. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

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.