BankPlus Trust Department Invests $40,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

BankPlus Trust Department 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 270 shares of the financial services provider’s stock, valued at approximately $40,000.

A number of other institutional investors and hedge funds have also modified their holdings of ICE. Crestwood Advisors Group LLC bought a new position in Intercontinental Exchange during the fourth quarter worth $1,711,000. Roffman Miller Associates Inc. PA increased its position in Intercontinental Exchange by 6.1% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 112,992 shares of the financial services provider’s stock worth $16,837,000 after acquiring an additional 6,502 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Intercontinental Exchange during the fourth quarter worth $1,166,000. South Dakota Investment Council bought a new position in Intercontinental Exchange during the fourth quarter worth $1,581,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Intercontinental Exchange by 4.8% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 105,306 shares of the financial services provider’s stock worth $15,692,000 after acquiring an additional 4,800 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 1.7 %

Shares of NYSE ICE opened at $171.25 on Wednesday. The firm’s 50-day simple moving average is $156.07 and its 200 day simple moving average is $158.46. The company has a market cap of $98.40 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $171.61.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (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%. On average, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.12%. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,368 shares of company stock worth $9,908,492 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ICE shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on shares of 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 reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Barclays boosted 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. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

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.