Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,563 shares of the financial services provider’s stock after acquiring an additional 1,173 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Intercontinental Exchange were worth $1,999,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ICE. OFI Invest Asset Management acquired a new position in shares of Intercontinental Exchange during the third quarter valued at about $25,000. Jones Financial Companies Lllp acquired a new position in shares of Intercontinental Exchange during the third quarter valued at about $26,000. Fortitude Family Office LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at about $28,000. BKM Wealth Management LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at about $31,000. Finally, Rakuten Securities Inc. acquired a new position in Intercontinental Exchange in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE traded down $0.13 during midday trading on Friday, reaching $131.69. 2,406,708 shares of the company’s stock traded hands, compared to its average volume of 2,386,540. Intercontinental Exchange, Inc. has a 1 year low of $103.81 and a 1 year high of $140.43. The company has a market cap of $75.41 billion, a P/E ratio of 31.35, a PEG ratio of 2.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day simple moving average of $135.86 and a two-hundred day simple moving average of $125.19.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the firm posted $1.25 EPS. The business’s revenue was up 24.5% on a year-over-year basis. Equities analysts predict that Intercontinental Exchange, Inc. will post 5.97 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 42.86%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $152.00 price target on shares of Intercontinental Exchange in a report on Thursday, April 4th. UBS Group increased their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Citigroup increased their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. increased their price target on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Finally, Bank of America cut their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target of $148.08.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,182 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $156,059.46. Following the transaction, the chief accounting officer now owns 16,396 shares in the company, valued at approximately $2,164,763.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,182 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $156,059.46. Following the transaction, the chief accounting officer now owns 16,396 shares in the company, valued at approximately $2,164,763.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Douglas Foley sold 7,070 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.09, for a total value of $962,156.30. Following the completion of the transaction, the senior vice president now owns 18,383 shares in the company, valued at approximately $2,501,742.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,491 shares of company stock worth $21,454,204. Corporate insiders own 1.10% of the company’s stock.

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.