Centric Wealth Management Has $250,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Centric Wealth Management cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,972 shares of the financial services provider’s stock after selling 499 shares during the quarter. Centric Wealth Management’s holdings in Intercontinental Exchange were worth $250,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ICE. Fortitude Family Office LLC acquired a new stake in Intercontinental Exchange in the fourth quarter worth about $28,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp bought a new stake in shares of Intercontinental Exchange during the third quarter worth approximately $26,000. OFI Invest Asset Management acquired a new position in Intercontinental Exchange in the third quarter valued at approximately $25,000. Finally, BKM Wealth Management LLC bought a new position in Intercontinental Exchange in the fourth quarter valued at approximately $31,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Up 1.9 %

ICE traded up $2.44 during trading hours on Tuesday, hitting $133.72. 2,381,926 shares of the company’s stock were exchanged, compared to its average volume of 2,417,967. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a 1-year low of $103.81 and a 1-year high of $140.43. The stock’s 50-day moving average is $134.78 and its two-hundred day moving average is $126.35. The stock has a market cap of $76.70 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 2.14 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. Intercontinental Exchange’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, June 13th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 41.28%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ICE shares. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday. UBS Group increased their target price 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. Rosenblatt Securities restated a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a research report on Friday. JPMorgan Chase & Co. lifted their target price on Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Bank of America lowered their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.92.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 7,070 shares of Intercontinental Exchange stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.09, for a total transaction of $962,156.30. Following the completion of the transaction, the senior vice president now directly owns 18,383 shares of the company’s stock, valued at $2,501,742.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the transaction, the general counsel now owns 48,713 shares in the company, valued at approximately $6,417,450.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Douglas Foley sold 7,070 shares of Intercontinental Exchange stock in a transaction on Monday, February 12th. The stock was sold at an average price of $136.09, for a total value of $962,156.30. Following the sale, the senior vice president now directly owns 18,383 shares of the company’s stock, valued at approximately $2,501,742.47. The disclosure for this sale can be found here. Insiders have sold 157,832 shares of company stock worth $21,499,127 in the last ninety days. Insiders own 1.10% of the company’s stock.

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.