NorthRock Partners LLC Buys 3,931 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

NorthRock Partners LLC lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 108.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,565 shares of the financial services provider’s stock after purchasing an additional 3,931 shares during the quarter. NorthRock Partners LLC’s holdings in Intercontinental Exchange were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICE. Norges Bank bought a new stake in Intercontinental Exchange during the 4th quarter worth $1,196,258,000. Kovitz Investment Group Partners LLC grew its position in Intercontinental Exchange by 423.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider’s stock worth $677,465,000 after acquiring an additional 3,678,384 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $406,728,000. Swedbank AB grew its holdings in shares of Intercontinental Exchange by 2,293.3% during the fourth quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider’s stock worth $330,171,000 after purchasing an additional 2,123,185 shares during the last quarter. Finally, AMF Tjanstepension AB grew its holdings in shares of Intercontinental Exchange by 1,237.7% during the fourth quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider’s stock worth $253,591,000 after purchasing an additional 1,574,386 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the completion of the sale, the insider now owns 17,972 shares of the company’s stock, valued at approximately $3,001,144.28. This trade represents a 27.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 21,364 shares of the company’s stock, valued at $3,396,876. This trade represents a 10.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,368 shares of company stock valued at $7,077,789 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $171.04 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $98.11 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The firm’s fifty day simple moving average is $167.04 and its two-hundred day simple moving average is $161.14. Intercontinental Exchange, Inc. has a 12 month low of $131.79 and a 12 month high of $179.44.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the company earned $1.48 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.12%. Intercontinental Exchange’s dividend payout ratio (DPR) is 39.75%.

Analyst Ratings Changes

Several analysts have recently weighed in on ICE shares. Bank of America reduced their price target on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Finally, StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $185.93.

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.