Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,188 shares of the financial services provider’s stock after purchasing an additional 220 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in Intercontinental Exchange were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Intercontinental Exchange by 6,756.9% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 303,351 shares of the financial services provider’s stock worth $45,202,000 after buying an additional 298,927 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its holdings in Intercontinental Exchange by 72.0% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,207 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 924 shares during the last quarter. Arcadia Investment Management Corp MI lifted its stake in Intercontinental Exchange by 1.5% in the 4th quarter. Arcadia Investment Management Corp MI now owns 96,015 shares of the financial services provider’s stock worth $14,307,000 after purchasing an additional 1,448 shares in the last quarter. Waterfront Wealth Inc. boosted its holdings in shares of Intercontinental Exchange by 2.7% during the 4th quarter. Waterfront Wealth Inc. now owns 10,129 shares of the financial services provider’s stock worth $1,509,000 after purchasing an additional 264 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC grew its position in shares of Intercontinental Exchange by 109.5% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 9,197 shares of the financial services provider’s stock valued at $1,370,000 after purchasing an additional 4,808 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.7 %

Shares of NYSE ICE opened at $168.04 on Friday. 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 business’s 50 day moving average is $155.42 and its two-hundred day moving average is $158.13. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $169.78. The firm has a market cap of $96.55 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.11 and a beta of 1.11.

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 the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Research analysts predict that Intercontinental Exchange, Inc. will post 6.71 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.14%. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at $24,986,080. This represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the sale, the general counsel now directly owns 44,702 shares in the company, valued at $6,977,088.16. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,196 shares of company stock valued at $10,840,972. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on 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. reduced their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays boosted their target price 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. Finally, UBS Group raised their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.