Intercontinental Exchange, Inc. (NYSE:ICE) Stake Boosted by Colonial Trust Co SC

Colonial Trust Co SC raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 687 shares of the financial services provider’s stock after buying an additional 72 shares during the quarter. Colonial Trust Co SC’s holdings in Intercontinental Exchange were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Strategic Advisors LLC boosted its stake in Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 66 shares during the last quarter. Commons Capital LLC increased its holdings in shares of Intercontinental Exchange by 1.2% in the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock worth $886,000 after acquiring an additional 69 shares in the last quarter. Brooklyn Investment Group raised its holdings in 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 lifted its position in Intercontinental Exchange by 3.7% in the 4th 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 in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of Intercontinental Exchange by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 71 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ICE shares. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group increased their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Barclays lifted their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $185.93.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $176.45 on Friday. Intercontinental Exchange, Inc. has a twelve month low of $131.79 and a twelve month high of $178.80. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $101.37 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 2.10 and a beta of 1.12. The stock has a fifty day simple moving average of $166.76 and a 200 day simple moving average of $160.91.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.09%. Intercontinental Exchange’s payout ratio is 39.75%.

Insider Activity

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 17,104 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the sale, the president now owns 155,174 shares of the company’s stock, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,368 shares of company stock worth $7,077,789 in the last quarter. 1.00% of the stock is owned by corporate 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.