Stifel Financial Corp Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Stifel Financial Corp boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 493,833 shares of the financial services provider's stock after purchasing an additional 4,326 shares during the quarter. Stifel Financial Corp owned about 0.09% of Intercontinental Exchange worth $73,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ICE. Sierra Ocean LLC purchased a new stake in Intercontinental Exchange in the fourth quarter worth approximately $25,000. Redwood Park Advisors LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at $33,000. Lee Danner & Bass Inc. purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth $34,000. BankPlus Trust Department bought a new stake in shares of Intercontinental Exchange in the fourth quarter worth $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Intercontinental Exchange in the fourth quarter valued at about $45,000. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the transaction, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,931 shares of company stock valued at $10,492,868. Insiders own 1.00% of the company's stock.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $160.68 on Wednesday. The company has a market capitalization of $92.31 billion, a P/E ratio of 33.62, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $177.45. The stock's fifty day moving average is $166.71 and its two-hundred day moving average is $160.41.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results 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%. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ICE shares. Barclays lifted their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. UBS Group increased their target price 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. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $182.47.

Intercontinental Exchange Company 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.

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