Timber Creek Capital Management LLC Acquires 6,974 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Timber Creek Capital Management LLC raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,165 shares of the financial services provider’s stock after buying an additional 6,974 shares during the period. Intercontinental Exchange comprises about 1.9% of Timber Creek Capital Management LLC’s portfolio, making the stock its 15th biggest position. Timber Creek Capital Management LLC’s holdings in Intercontinental Exchange were worth $6,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlas Legacy Advisors LLC bought a new stake in Intercontinental Exchange during the fourth quarter valued at $487,000. Bank of Jackson Hole Trust bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $863,000. Davidson Investment Advisors grew its stake in Intercontinental Exchange by 39.4% during the fourth quarter. Davidson Investment Advisors now owns 91,468 shares of the financial services provider’s stock worth $13,630,000 after purchasing an additional 25,859 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Intercontinental Exchange in the fourth quarter worth approximately $1,346,000. Finally, Kestra Investment Management LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at approximately $122,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lifted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. reduced their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $166.29 on Wednesday. The company has a fifty day moving average price of $154.79 and a 200-day moving average price of $157.87. The firm has a market cap of $95.54 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 2.11 and a beta of 1.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $169.78.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 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%. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.15%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 37.66%.

Insiders Place Their Bets

In related news, SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the transaction, the senior vice president now directly owns 21,992 shares of the company’s stock, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,358 shares of company stock valued at $5,535,650. Insiders own 1.10% 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.