1,532 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Chancellor Financial Group WB LP

Chancellor Financial Group WB LP acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,532 shares of the financial services provider's stock, valued at approximately $228,000.

Several other institutional investors have also recently bought and sold shares of the business. 111 Capital bought a new position in Intercontinental Exchange during the 4th quarter valued at $1,610,000. Lansforsakringar Fondforvaltning AB publ bought a new position in Intercontinental Exchange during the 4th quarter valued at $28,949,000. Campbell Deegan Wealth Management LLC bought a new position in Intercontinental Exchange during the 4th quarter valued at $539,000. TFR Capital LLC. bought a new position in Intercontinental Exchange during the 4th quarter valued at $1,452,000. Finally, Castle Rock Wealth Management LLC lifted its stake in Intercontinental Exchange by 4.9% during the 4th quarter. Castle Rock Wealth Management LLC now owns 15,118 shares of the financial services provider's stock valued at $2,253,000 after acquiring an additional 713 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays raised their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Bank of America decreased their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. 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 report on Friday, May 2nd. 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 report on Friday, February 7th. Finally, 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 report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $188.46.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 552 shares of Intercontinental Exchange 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 sale, the insider now owns 15,658 shares in the company, valued at approximately $2,732,634.16. This trade represents a 3.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sale, the director now owns 4,526 shares of the company's stock, valued at approximately $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 90 days, insiders sold 3,579 shares of company stock worth $584,818. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Performance

ICE traded up $1.42 during trading hours on Friday, hitting $179.95. The stock had a trading volume of 5,439,058 shares, compared to its average volume of 3,019,494. The company's fifty day simple moving average is $168.09 and its 200 day simple moving average is $162.63. Intercontinental Exchange, Inc. has a 1 year low of $132.57 and a 1 year high of $180.64. The stock has a market cap of $103.22 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. 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 (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share 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%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 EPS. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

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.