Focus Partners Wealth Has $52.45 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Focus Partners Wealth raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 351,995 shares of the financial services provider's stock after purchasing an additional 26,133 shares during the period. Focus Partners Wealth owned 0.06% of Intercontinental Exchange worth $52,451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter worth $25,000. Redwood Park Advisors LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at $33,000. Lee Danner & Bass Inc. purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at $34,000. BankPlus Trust Department purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at $40,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

Shares of ICE traded down $1.80 during mid-day trading on Wednesday, hitting $171.04. The company's stock had a trading volume of 4,025,819 shares, compared to its average volume of 2,971,753. The firm has a 50-day moving average price of $167.03 and a 200 day moving average price of $161.07. The stock has a market capitalization of $98.11 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a fifty-two week low of $131.79 and a fifty-two week high of $179.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 yield of 1.12%. Intercontinental Exchange's payout ratio is presently 39.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America reduced their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. UBS Group raised their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods increased their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average price target of $185.93.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the sale, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now owns 21,364 shares of the company's stock, valued at $3,396,876. This trade represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,368 shares of company stock valued at $7,077,789. Corporate insiders own 1.00% of the company's stock.

About Intercontinental Exchange

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.