Cozad Asset Management Inc. Buys 80 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Cozad Asset Management Inc. raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,100 shares of the financial services provider’s stock after buying an additional 80 shares during the period. Cozad Asset Management Inc.’s holdings in Intercontinental Exchange were worth $6,177,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. OFI Invest Asset Management bought a new position in Intercontinental Exchange in the third quarter valued at $25,000. Jones Financial Companies Lllp purchased a new position in shares of Intercontinental Exchange during the 3rd quarter valued at about $26,000. Fortitude Family Office LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $28,000. Stuart Chaussee & Associates Inc. bought a new stake in Intercontinental Exchange in the 4th quarter worth approximately $28,000. Finally, BKM Wealth Management LLC purchased a new stake in Intercontinental Exchange in the fourth quarter worth approximately $31,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.9 %

Shares of ICE stock traded down $1.17 during trading hours on Tuesday, hitting $129.61. 687,980 shares of the company’s stock traded hands, compared to its average volume of 2,355,318. 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 stock has a market cap of $74.22 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.15 and a beta of 1.02. The stock’s fifty day simple moving average is $135.74 and its two-hundred day simple moving average is $125.52. Intercontinental Exchange, Inc. has a 12-month low of $103.81 and a 12-month high of $140.43.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 earnings per share. On average, analysts expect that Intercontinental Exchange, Inc. will post 5.97 EPS for the current year.

Intercontinental Exchange Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.45 dividend. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.39%. Intercontinental Exchange’s dividend payout ratio is currently 42.86%.

Insiders Place Their Bets

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of Intercontinental Exchange stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the acquisition, the insider now owns 7,476,345 shares in the company, valued at $6,504,420.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,182 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $156,059.46. Following the sale, the chief accounting officer now owns 16,396 shares in the company, valued at approximately $2,164,763.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the acquisition, the insider now directly owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 157,491 shares of company stock valued at $21,454,204. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. JPMorgan Chase & Co. upped their price target on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Citigroup boosted their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Bank of America lowered their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $148.08.

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.