Campbell Deegan Wealth Management LLC Takes Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Campbell Deegan Wealth Management LLC bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,617 shares of the financial services provider's stock, valued at approximately $539,000. Intercontinental Exchange accounts for 0.6% of Campbell Deegan Wealth Management LLC's investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC lifted its holdings in shares of Intercontinental Exchange by 6.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock valued at $11,022,000 after acquiring an additional 4,787 shares during the period. Governors Lane LP lifted its holdings in shares of Intercontinental Exchange by 88.0% during the fourth quarter. Governors Lane LP now owns 127,100 shares of the financial services provider's stock valued at $18,939,000 after acquiring an additional 59,500 shares during the period. Avantra Family Wealth Inc. bought a new position in shares of Intercontinental Exchange during the fourth quarter valued at $702,000. National Pension Service lifted its holdings in shares of Intercontinental Exchange by 19.1% during the fourth quarter. National Pension Service now owns 1,239,140 shares of the financial services provider's stock valued at $184,644,000 after acquiring an additional 198,311 shares during the period. Finally, Hahn Capital Management LLC lifted its holdings in shares of Intercontinental Exchange by 69.8% during the fourth quarter. Hahn Capital Management LLC now owns 71,134 shares of the financial services provider's stock valued at $10,600,000 after acquiring an additional 29,233 shares during the period. 89.30% of the stock is owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 552 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $174.52, for a total transaction of $96,335.04. Following the completion of the transaction, the insider now directly owns 15,658 shares in the company, valued at approximately $2,732,634.16. The trade was a 3.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martha A. Tirinnanzi sold 397 shares of Intercontinental Exchange stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $177.11, for a total value of $70,312.67. Following the transaction, the director now owns 4,526 shares in the company, valued at $801,599.86. This trade represents a 8.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,579 shares of company stock worth $584,818. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Trading Up 0.8%

ICE stock traded up $1.42 during midday trading on Friday, reaching $179.95. The stock had a trading volume of 5,439,058 shares, compared to its average volume of 3,019,494. The business has a fifty day simple moving average of $168.09 and a two-hundred day simple moving average of $162.63. 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 firm has a market cap of $103.22 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a twelve month low of $132.57 and a twelve month high of $180.64.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The company's revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.07%. Intercontinental Exchange's payout ratio is currently 39.75%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ICE. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Morgan Stanley raised their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Wall Street Zen upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Barclays raised their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.46.

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.