Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,518 shares of the financial services provider’s stock after purchasing an additional 1,016 shares during the quarter. Intercontinental Exchange accounts for 1.4% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 12th biggest holding. AdvisorShares Investments LLC’s holdings in Intercontinental Exchange were worth $7,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Strategic Advisors LLC lifted its holdings in shares of Intercontinental Exchange by 5.1% during the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 66 shares during the period. Commons Capital LLC boosted its holdings in Intercontinental Exchange by 1.2% during the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock valued at $886,000 after purchasing an additional 69 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Intercontinental Exchange by 2.2% during the 4th quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider’s stock worth $475,000 after buying an additional 70 shares during the period. Clear Harbor Asset Management LLC grew its position in Intercontinental Exchange by 3.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 70 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of Intercontinental Exchange by 2.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

ICE stock opened at $163.63 on Tuesday. The stock has a market cap of $94.00 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The stock has a 50-day moving average price of $166.39 and a two-hundred day moving average price of $160.45. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $177.45. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued 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 1.17%. Intercontinental Exchange’s payout ratio is presently 40.17%.

Analyst Ratings Changes

ICE has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays raised their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Bank of America lowered their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $182.47.

Insider Activity at Intercontinental Exchange

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