Intercontinental Exchange, Inc. (NYSE:ICE) Stake Boosted by NorthRock Partners LLC

NorthRock Partners LLC boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 108.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,565 shares of the financial services provider's stock after acquiring an additional 3,931 shares during the period. NorthRock Partners LLC's holdings in Intercontinental Exchange were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ICE. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Bank of America cut their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. UBS Group upped their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Barclays upped their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $185.93.

Intercontinental Exchange Stock Up 0.2%

NYSE ICE traded up $0.36 during trading hours on Monday, reaching $176.61. 2,668,209 shares of the company traded hands, compared to its average volume of 2,975,054. The stock has a market capitalization of $101.31 billion, a PE ratio of 36.95, a PEG ratio of 2.10 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 12 month low of $131.79 and a 12 month high of $179.44. The company has a 50 day moving average of $167.31 and a two-hundred day moving average of $161.26.

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

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.09%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Insider Buying and Selling at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 6,834 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the transaction, the insider now directly owns 17,972 shares of the company's stock, valued at approximately $3,001,144.28. This trade represents a 27.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the transaction, the director now directly owns 21,364 shares in the company, valued at approximately $3,396,876. The trade was a 10.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,368 shares of company stock worth $7,077,789 over the last 90 days. Insiders own 1.00% of the company's stock.

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.