Prana Capital Management LP Has $100.39 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Prana Capital Management LP grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 74.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 673,729 shares of the financial services provider's stock after buying an additional 288,159 shares during the quarter. Intercontinental Exchange makes up 4.8% of Prana Capital Management LP's portfolio, making the stock its 7th largest position. Prana Capital Management LP owned 0.12% of Intercontinental Exchange worth $100,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisors LLC boosted its holdings in Intercontinental Exchange by 8.0% during the fourth quarter. Capital Investment Advisors LLC now owns 1,506 shares of the financial services provider's stock worth $224,000 after buying an additional 112 shares during the last quarter. Wedmont Private Capital boosted its holdings in Intercontinental Exchange by 4.3% during the fourth quarter. Wedmont Private Capital now owns 6,133 shares of the financial services provider's stock worth $876,000 after buying an additional 255 shares during the last quarter. Signal Advisors Wealth LLC boosted its holdings in Intercontinental Exchange by 3.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 3,305 shares of the financial services provider's stock worth $492,000 after buying an additional 114 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Intercontinental Exchange by 16.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 3,315 shares of the financial services provider's stock worth $494,000 after buying an additional 475 shares during the last quarter. Finally, Crestmont Private Wealth LLC boosted its holdings in Intercontinental Exchange by 3.3% during the fourth quarter. Crestmont Private Wealth LLC now owns 3,665 shares of the financial services provider's stock worth $546,000 after buying an additional 116 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays raised their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. 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 Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Morgan Stanley lifted their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $185.93.

Intercontinental Exchange Stock Performance

Shares of ICE stock traded up $1.25 during trading on Friday, reaching $176.10. 2,330,889 shares of the company's stock were exchanged, compared to its average volume of 2,976,138. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $101.01 billion, a PE ratio of 36.84, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a twelve month low of $131.79 and a twelve month high of $179.44. The firm's fifty day moving average price is $167.31 and its 200-day moving average price is $161.23.

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, topping analysts' consensus estimates of $1.70 by $0.02. The business had revenue of $2.47 billion for 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 firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 EPS. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. Intercontinental Exchange's dividend payout ratio is 39.75%.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,630 shares of the company's 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 completion of the sale, the director now directly owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the company's stock in a transaction 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 sale, the president now owns 147,274 shares of the company's stock, valued at approximately $25,247,181.82. The trade was a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,368 shares of company stock valued at $7,077,789 in the last ninety days. 1.00% of the stock is currently owned by corporate 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.