Flputnam Investment Management Co. Buys 125 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Flputnam Investment Management Co. increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,291 shares of the financial services provider’s stock after acquiring an additional 125 shares during the quarter. Flputnam Investment Management Co.’s holdings in Intercontinental Exchange were worth $6,898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ICE. Integrated Advisors Network LLC increased its holdings in Intercontinental Exchange by 4.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock valued at $275,000 after buying an additional 66 shares during the period. Pinnacle Associates Ltd. increased its holdings in Intercontinental Exchange by 9.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 10,120 shares of the financial services provider’s stock valued at $1,626,000 after buying an additional 854 shares during the period. SteelPeak Wealth LLC bought a new stake in Intercontinental Exchange in the 3rd quarter valued at $240,000. US Bancorp DE increased its holdings in Intercontinental Exchange by 6.3% in the 3rd quarter. US Bancorp DE now owns 160,215 shares of the financial services provider’s stock valued at $25,737,000 after buying an additional 9,500 shares during the period. Finally, Roanoke Asset Management Corp NY bought a new stake in Intercontinental Exchange in the 3rd quarter valued at $340,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 1.4 %

Shares of NYSE ICE opened at $173.21 on Friday. The firm’s 50-day simple moving average is $157.41 and its 200 day simple moving average is $158.79. The company has a market cap of $99.52 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $173.54.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.11%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ICE. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. 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 research note on Friday, January 17th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insiders Place Their Bets

In other news, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at $1,955,212.20. This represents a 5.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 601 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now directly owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 68,268 shares of company stock valued at $11,262,789. 1.10% of the stock is currently owned by insiders.

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.