Mission Creek Capital Partners Inc. Has $1.70 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mission Creek Capital Partners Inc. raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,406 shares of the financial services provider’s stock after acquiring an additional 145 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in Intercontinental Exchange were worth $1,700,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Aquatic Capital Management LLC grew its stake in shares of Intercontinental Exchange by 20.3% during the fourth quarter. Aquatic Capital Management LLC now owns 184,131 shares of the financial services provider’s stock worth $27,437,000 after purchasing an additional 31,031 shares during the period. Bolthouse Investments LLC bought a new position in Intercontinental Exchange during the fourth quarter worth about $226,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $447,000. Coldstream Capital Management Inc. increased its stake in shares of Intercontinental Exchange by 21.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 16,732 shares of the financial services provider’s stock valued at $2,493,000 after acquiring an additional 2,926 shares during the last quarter. Finally, Snyder Capital Management L P raised its position in shares of Intercontinental Exchange by 27.7% in the 4th quarter. Snyder Capital Management L P now owns 306,710 shares of the financial services provider’s stock valued at $45,703,000 after acquiring an additional 66,611 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Bank of America lowered their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays increased their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.47.

Intercontinental Exchange Trading Up 0.3 %

NYSE:ICE opened at $163.40 on Friday. The company has a market cap of $93.87 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. The business has a 50 day moving average price of $166.46 and a two-hundred day moving average price of $160.44. 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 (NYSE:ICE) last announced its earnings results 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, analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business 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 $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 40.17%.

Insider Activity at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,630 shares of the firm’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares of the company’s stock, valued at approximately $3,396,876. This trade represents a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lynn C. Martin sold 4,155 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total transaction of $688,068.00. Following the sale, the insider now directly owns 57,376 shares in the company, valued at $9,501,465.60. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,931 shares of company stock valued at $10,492,868. 1.00% of the stock is owned by insiders.

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.