Venturi Wealth Management LLC Acquires 2,910 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Venturi Wealth Management LLC grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 786.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,280 shares of the financial services provider's stock after acquiring an additional 2,910 shares during the quarter. Venturi Wealth Management LLC's holdings in Intercontinental Exchange were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of Intercontinental Exchange during the 3rd quarter worth $26,000. Financial Management Professionals Inc. raised its stake in shares of Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after purchasing an additional 87 shares during the period. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in shares of Intercontinental Exchange during the 3rd quarter worth $29,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Intercontinental Exchange during the 3rd quarter worth $31,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ICE has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted 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. JPMorgan Chase & Co. lowered their target price 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. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, UBS Group boosted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and an average target price of $178.80.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares of the company's stock, valued at $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares of the company's stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,196 shares of company stock valued at $10,840,972. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of ICE traded up $1.25 during midday trading on Friday, hitting $168.04. 2,853,143 shares of the company traded hands, compared to its average volume of 2,404,252. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $169.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $96.55 billion, a P/E ratio of 35.15, a PEG ratio of 2.10 and a beta of 1.11. The stock has a 50-day moving average of $155.42 and a 200-day moving average of $158.13.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS 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%. As a group, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is 37.66%.

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.