FourThought Financial Partners LLC Invests $304,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

FourThought Financial Partners LLC bought a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,037 shares of the financial services provider’s stock, valued at approximately $304,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Quintet Private Bank Europe S.A. grew its stake in shares of Intercontinental Exchange by 13.8% during the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 62 shares during the period. Integrated Advisors Network LLC boosted its holdings in Intercontinental Exchange by 4.0% during the third quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after buying an additional 66 shares during the last quarter. Strategic Advisors LLC boosted its holdings in Intercontinental Exchange by 5.1% during the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock worth $201,000 after buying an additional 66 shares during the last quarter. Commons Capital LLC grew its position in shares of Intercontinental Exchange by 1.2% during the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock worth $886,000 after buying an additional 69 shares during the period. Finally, Catalyst Capital Advisors LLC increased its stake in shares of Intercontinental Exchange by 6.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 70 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In other news, SVP Douglas Foley sold 10,580 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the sale, the senior vice president now owns 21,992 shares of the company’s stock, valued at approximately $3,661,008.24. This represents a 32.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now directly owns 155,174 shares of the company’s stock, valued at $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,368 shares of company stock worth $9,908,492 in the last three months. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ICE shares. Barclays lifted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Three equities 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Stock Up 1.7 %

Shares of Intercontinental Exchange stock opened at $171.25 on Wednesday. The firm has a market cap of $98.40 billion, a PE ratio of 35.83, a P/E/G ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $171.61. The business’s 50 day simple moving average is $156.07 and its 200 day simple moving average is $158.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

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%. On average, analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given 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 1.12%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

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.