Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,226 shares of the financial services provider’s stock after buying an additional 134 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Intercontinental Exchange were worth $1,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Intercontinental Exchange by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock valued at $5,162,041,000 after buying an additional 1,012,034 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Intercontinental Exchange by 1.3% during the second quarter. BlackRock Inc. now owns 42,188,650 shares of the financial services provider’s stock worth $4,770,693,000 after buying an additional 525,322 shares during the last quarter. Morgan Stanley increased its holdings in shares of Intercontinental Exchange by 18.9% in the fourth quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider’s stock valued at $2,606,466,000 after purchasing an additional 4,044,744 shares during the period. State Street Corp increased its holdings in shares of Intercontinental Exchange by 2.2% in the second quarter. State Street Corp now owns 22,796,474 shares of the financial services provider’s stock valued at $2,577,825,000 after purchasing an additional 480,742 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in Intercontinental Exchange by 45.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,114,267 shares of the financial services provider’s stock worth $1,755,753,000 after purchasing an additional 5,354,161 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays upped their target price on shares of Intercontinental Exchange from $148.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Citigroup lifted their price target on Intercontinental Exchange from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. raised their target price on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Morgan Stanley increased their price target on shares of Intercontinental Exchange from $133.00 to $139.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 13th. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Intercontinental Exchange Trading Up 0.3 %

Shares of NYSE ICE traded up $0.39 during trading on Thursday, hitting $137.37. 2,596,799 shares of the company traded hands, compared to its average volume of 2,425,026. The firm has a market capitalization of $78.66 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.45 and a beta of 1.02. 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 company has a 50-day moving average price of $134.20 and a 200-day moving average price of $121.92. Intercontinental Exchange, Inc. has a 1 year low of $99.84 and a 1 year high of $140.43.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 earnings per share. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 5.91 EPS for the current year.

Intercontinental Exchange Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.45 dividend. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio is currently 42.86%.

Insider Buying and Selling at Intercontinental Exchange

In related news, SVP Douglas Foley sold 7,070 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $136.09, for a total transaction of $962,156.30. Following the transaction, the senior vice president now directly owns 18,383 shares of the company’s stock, valued at approximately $2,501,742.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the purchase, the insider now directly owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 7,070 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $136.09, for a total value of $962,156.30. Following the completion of the transaction, the senior vice president now directly owns 18,383 shares of the company’s stock, valued at approximately $2,501,742.47. The disclosure for this sale can be found here. Insiders have sold 155,253 shares of company stock valued at $20,486,424 over the last three months. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Company 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.