Carnegie Capital Asset Management LLC Increases Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Carnegie Capital Asset Management LLC grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,581 shares of the financial services provider’s stock after acquiring an additional 110 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Intercontinental Exchange were worth $1,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OFI Invest Asset Management purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $25,000. Jones Financial Companies Lllp purchased a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $26,000. Fortitude Family Office LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth $28,000. BKM Wealth Management LLC purchased a new stake in Intercontinental Exchange in the fourth quarter valued at $31,000. Finally, First Capital Advisors Group LLC. acquired a new position in Intercontinental Exchange in the second quarter valued at $35,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 2.2 %

Shares of NYSE:ICE opened at $130.58 on Tuesday. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The firm’s 50-day simple moving average is $136.30 and its 200-day simple moving average is $124.03. The company has a market cap of $74.77 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 2.11 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 5.98 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.45 per share. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Intercontinental Exchange’s payout ratio is presently 42.86%.

Insider Transactions at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the sale, the chief executive officer now owns 1,179,895 shares in the company, valued at $161,893,392.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the transaction, the insider now owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The disclosure for this purchase can be found here. Insiders have sold a total of 157,491 shares of company stock valued at $21,454,204 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on ICE shares. Barclays lifted their target price on Intercontinental Exchange from $153.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Raymond James boosted their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, January 5th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Rosenblatt Securities upped their price target on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.08.

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.