Captrust Financial Advisors acquired a new position in Intercontinental Exchange Inc (NYSE:ICE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,422 shares of the financial services provider’s stock, valued at approximately $383,000.
Other institutional investors have also recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Intercontinental Exchange in the fourth quarter worth $109,000. Valeo Financial Advisors LLC lifted its stake in shares of Intercontinental Exchange by 257.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,627 shares of the financial services provider’s stock worth $115,000 after buying an additional 1,172 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter worth $122,000. Cerebellum GP LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter worth $127,000. Finally, Americafirst Capital Management LLC bought a new position in Intercontinental Exchange during the third quarter worth $145,000. Institutional investors and hedge funds own 90.74% of the company’s stock.
A number of equities analysts recently issued reports on ICE shares. Argus boosted their target price on shares of Intercontinental Exchange from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Wednesday, January 3rd. Berenberg Bank started coverage on shares of Intercontinental Exchange in a research report on Thursday, January 25th. They set a “buy” rating and a $90.00 target price on the stock. Bank of America dropped their target price on shares of Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised shares of Intercontinental Exchange from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $76.00 to $83.00 in a research report on Tuesday, February 20th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Intercontinental Exchange has a consensus rating of “Buy” and an average price target of $76.62.
Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.01. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 10.83%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. equities research analysts forecast that Intercontinental Exchange Inc will post 3.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.29%. The ex-dividend date is Wednesday, September 12th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 18.87%.
In other Intercontinental Exchange news, President Benjamin Jackson sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $72.75, for a total value of $181,875.00. Following the sale, the president now owns 64,154 shares of the company’s stock, valued at approximately $4,667,203.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dean S. Mathison sold 2,570 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $69.77, for a total transaction of $179,308.90. The disclosure for this sale can be found here. Insiders sold a total of 186,201 shares of company stock worth $13,690,343 in the last three months. Insiders own 1.50% of the company’s stock.
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Intercontinental Exchange Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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