11,734 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,734 shares of the financial services provider's stock, valued at approximately $1,748,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Strategic Advisors LLC boosted its stake in shares of Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock worth $201,000 after acquiring an additional 66 shares during the last quarter. Commons Capital LLC grew its holdings in shares of Intercontinental Exchange by 1.2% during the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider's stock worth $886,000 after buying an additional 69 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Intercontinental Exchange by 2.2% in the fourth quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider's stock valued at $475,000 after buying an additional 70 shares during the last quarter. Clear Harbor Asset Management LLC boosted its position in Intercontinental Exchange by 3.7% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider's stock worth $294,000 after acquiring an additional 70 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in Intercontinental Exchange by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after acquiring an additional 71 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Barclays lifted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, UBS Group increased their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $182.47.

Insider Buying and Selling

In related news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now directly owns 21,364 shares in the company, valued at $3,396,876. This trade represents a 10.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lynn C. Martin sold 4,155 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total value of $688,068.00. Following the transaction, the insider now owns 57,376 shares in the company, valued at $9,501,465.60. The trade was a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,931 shares of company stock valued at $10,492,868 over the last quarter. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Down 0.1 %

ICE traded down $0.10 on Friday, hitting $158.34. 2,742,738 shares of the company were exchanged, compared to its average volume of 2,920,905. 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 company has a market cap of $90.97 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The firm has a 50-day moving average price of $167.27 and a two-hundred day moving average price of $160.51. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates 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 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Tuesday, December 16th. 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.