12,815 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC purchased a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,815 shares of the financial services provider's stock, valued at approximately $1,910,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Alpha LLC boosted its position in Intercontinental Exchange by 12.1% during the fourth quarter. Advisory Alpha LLC now owns 2,519 shares of the financial services provider's stock valued at $375,000 after acquiring an additional 271 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Intercontinental Exchange by 14.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 79,458 shares of the financial services provider's stock valued at $11,840,000 after purchasing an additional 10,051 shares in the last quarter. Mutual Advisors LLC grew its stake in Intercontinental Exchange by 7.4% during the fourth quarter. Mutual Advisors LLC now owns 3,740 shares of the financial services provider's stock worth $562,000 after purchasing an additional 257 shares during the period. Apeiron RIA LLC lifted its stake in Intercontinental Exchange by 2.5% in the fourth quarter. Apeiron RIA LLC now owns 4,250 shares of the financial services provider's stock valued at $633,000 after buying an additional 103 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $239,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Barclays lifted their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. UBS Group upped their price objective 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. Bank of America reduced their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Morgan Stanley upped their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $188.46.

Intercontinental Exchange Stock Up 0.1%

Shares of ICE stock traded up $0.23 during trading hours on Thursday, reaching $178.03. The company had a trading volume of 586,433 shares, compared to its average volume of 2,998,368. Intercontinental Exchange, Inc. has a 12 month low of $131.79 and a 12 month high of $179.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The business has a fifty day simple moving average of $167.94 and a 200-day simple moving average of $162.31. The company has a market cap of $102.12 billion, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. The business 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%. Intercontinental Exchange's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.08%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Insider Activity at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the sale, the director now directly owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 552 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $174.52, for a total transaction of $96,335.04. Following the transaction, the insider now owns 15,658 shares of the company's stock, valued at approximately $2,732,634.16. The trade was a 3.41% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.