Stamos Capital Partners L.P. Acquires 3,470 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Stamos Capital Partners L.P. increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 222.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,030 shares of the financial services provider's stock after buying an additional 3,470 shares during the period. Stamos Capital Partners L.P.'s holdings in Intercontinental Exchange were worth $750,000 at the end of the most recent reporting period.

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

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 21,364 shares in the company, valued at $3,396,876. This trade represents a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Benjamin Jackson sold 17,104 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the transaction, the president now owns 155,174 shares of the company's stock, valued at $25,855,091.88. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,931 shares of company stock valued at $10,492,868 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded down $0.10 on Friday, reaching $158.34. 2,742,738 shares of the company's stock were exchanged, compared to its average volume of 2,920,905. The company has a market capitalization of $90.97 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month 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 company has a fifty day moving average of $167.27 and a 200-day moving average of $160.51.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its 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, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.21%. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus price target of $182.47.

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.