Townsquare Capital LLC Has $1.80 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Townsquare Capital LLC increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,060 shares of the financial services provider's stock after purchasing an additional 1,725 shares during the quarter. Townsquare Capital LLC's holdings in Intercontinental Exchange were worth $1,797,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ICE. Crux Wealth Advisors bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $670,000. Petros Family Wealth LLC acquired a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $936,000. Heritage Trust Co bought a new stake in Intercontinental Exchange in the fourth quarter worth approximately $4,566,000. Tandem Wealth Advisors LLC increased its stake in shares of Intercontinental Exchange by 7.5% during the 4th quarter. Tandem Wealth Advisors LLC now owns 3,317 shares of the financial services provider's stock worth $494,000 after purchasing an additional 230 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Intercontinental Exchange by 0.5% during the 4th quarter. Treasurer of the State of North Carolina now owns 258,615 shares of the financial services provider's stock valued at $38,536,000 after purchasing an additional 1,243 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

NYSE:ICE traded down $0.10 during mid-day trading on Friday, reaching $158.34. 2,742,738 shares of the company were exchanged, compared to its average volume of 2,927,183. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $177.45. The stock has a market cap of $90.97 billion, a PE ratio of 33.13, a PEG 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. The company has a fifty day moving average of $167.10 and a 200 day moving average of $160.49.

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 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 anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is 40.17%.

Insider Activity at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lynn C. Martin sold 4,155 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.60, for a total value of $688,068.00. Following the completion of the sale, the insider now directly owns 57,376 shares of the company's stock, valued at approximately $9,501,465.60. This trade represents a 6.75 % 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 worth $10,492,868 over the last ninety days. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on ICE. Bank of America dropped their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Barclays upped their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, UBS Group boosted 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $182.47.

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.