Timber Creek Capital Management LLC Increases Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Timber Creek Capital Management LLC increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 18.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,165 shares of the financial services provider's stock after purchasing an additional 6,974 shares during the quarter. Intercontinental Exchange makes up approximately 1.9% of Timber Creek Capital Management LLC's investment portfolio, making the stock its 15th largest position. Timber Creek Capital Management LLC's holdings in Intercontinental Exchange were worth $6,581,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Intercontinental Exchange during the fourth quarter worth $25,000. Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange during the third quarter worth $26,000. Financial Management Professionals Inc. boosted its stake in Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after buying an additional 87 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange during the third quarter worth $29,000. Finally, FSA Wealth Management LLC acquired a new position in Intercontinental Exchange during the third quarter worth $31,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of recent research reports. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. UBS Group boosted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods increased 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. Finally, Barclays increased their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $178.80.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares of the company's stock, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,196 shares of company stock valued at $10,840,972. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Up 0.7 %

NYSE ICE traded up $1.25 during trading hours on Friday, hitting $168.04. 2,853,143 shares of the company were exchanged, compared to its average volume of 2,404,252. The company has a 50 day moving average of $155.42 and a two-hundred day moving average of $158.18. 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 $169.78. The firm has a market cap of $96.55 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly 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 return on equity of 12.95% and a net margin of 23.42%. Equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is presently 37.66%.

About Intercontinental Exchange

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.