Seven Mile Advisory Has $304,000 Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Seven Mile Advisory boosted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,041 shares of the financial services provider’s stock after buying an additional 110 shares during the quarter. Seven Mile Advisory’s holdings in Intercontinental Exchange were worth $304,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Summit Financial LLC raised its stake in shares of Intercontinental Exchange by 14.7% in the 4th quarter. Summit Financial LLC now owns 5,828 shares of the financial services provider’s stock valued at $868,000 after acquiring an additional 747 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Intercontinental Exchange by 8.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,782,897 shares of the financial services provider’s stock worth $265,669,000 after buying an additional 141,470 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Intercontinental Exchange by 8.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 62,846 shares of the financial services provider’s stock worth $9,365,000 after buying an additional 4,857 shares during the period. United Bank boosted its holdings in shares of Intercontinental Exchange by 6.8% during the 4th quarter. United Bank now owns 12,646 shares of the financial services provider’s stock worth $1,884,000 after buying an additional 802 shares during the period. Finally, RWA Wealth Partners LLC grew its stake in Intercontinental Exchange by 8.7% in the 4th quarter. RWA Wealth Partners LLC now owns 15,424 shares of the financial services provider’s stock valued at $2,298,000 after buying an additional 1,233 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the sale, the president now owns 155,174 shares of the company’s stock, valued at approximately $25,855,091.88. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,563 shares of company stock worth $10,998,990. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $174.65 on Monday. The firm has a market cap of $100.35 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The company’s 50-day moving average price is $167.12 and its two-hundred day moving average price is $160.57. 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 $177.45.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business 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. This represents a $1.92 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. 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 note on Friday, February 7th. Finally, UBS Group upped their target price 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. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.80.

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.