Aptus Capital Advisors LLC Has $12.93 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Aptus Capital Advisors LLC increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,755 shares of the financial services provider's stock after acquiring an additional 9,633 shares during the quarter. Aptus Capital Advisors LLC's holdings in Intercontinental Exchange were worth $12,927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter worth $25,000. Redwood Park Advisors LLC bought a new position in Intercontinental Exchange during the 4th quarter valued at about $33,000. Lee Danner & Bass Inc. bought a new stake in Intercontinental Exchange during the 4th quarter worth approximately $34,000. BankPlus Trust Department acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $40,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Intercontinental Exchange in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Barclays lifted their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. cut their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, UBS Group lifted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $185.93.

Intercontinental Exchange Stock Up 0.7 %

Shares of ICE traded up $1.25 during midday trading on Wednesday, hitting $176.44. The stock had a trading volume of 1,955,138 shares, compared to its average volume of 2,928,729. The firm has a market cap of $101.37 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a 50 day simple moving average of $166.63 and a two-hundred day simple moving average of $160.74. Intercontinental Exchange, Inc. has a twelve month low of $131.79 and a twelve month high of $178.19. 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 (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 earnings per share. On average, analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 1.09%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 17,104 shares of the company's stock in a transaction that occurred on 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 sale, the president now owns 155,174 shares in the company, valued at $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the transaction, the senior vice president now owns 21,992 shares of the company's stock, valued at $3,661,008.24. This represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,931 shares of company stock valued at $10,492,868. 1.00% of the stock is owned by insiders.

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.