4,732 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Purchased by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE) in the fourth quarter, HoldingsChannel reports. The fund purchased 4,732 shares of the financial services provider’s stock, valued at approximately $608,000.

Other institutional investors also recently bought and sold shares of the company. Coastline Trust Co grew its holdings in Intercontinental Exchange by 9.8% in the third quarter. Coastline Trust Co now owns 4,031 shares of the financial services provider’s stock worth $443,000 after purchasing an additional 360 shares during the period. Oak Thistle LLC purchased a new stake in Intercontinental Exchange in the third quarter worth about $627,000. Asset Management One Co. Ltd. grew its holdings in Intercontinental Exchange by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 241,946 shares of the financial services provider’s stock worth $26,619,000 after purchasing an additional 6,184 shares during the period. Oak Harbor Wealth Partners LLC grew its holdings in Intercontinental Exchange by 5.4% in the third quarter. Oak Harbor Wealth Partners LLC now owns 5,944 shares of the financial services provider’s stock worth $654,000 after purchasing an additional 303 shares during the period. Finally, Campbell Newman Asset Management Inc. grew its holdings in Intercontinental Exchange by 0.3% in the third quarter. Campbell Newman Asset Management Inc. now owns 195,537 shares of the financial services provider’s stock worth $21,513,000 after purchasing an additional 533 shares during the period. 89.30% of the stock is owned by institutional investors.

Insider Activity at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 500 shares of Intercontinental Exchange stock in a transaction on Friday, March 8th. The shares were sold at an average price of $138.83, for a total transaction of $69,415.00. Following the transaction, the chief financial officer now owns 18,326 shares in the company, valued at approximately $2,544,198.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Intercontinental Exchange news, CFO Warren Gardiner sold 500 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $138.83, for a total value of $69,415.00. Following the sale, the chief financial officer now owns 18,326 shares in the company, valued at approximately $2,544,198.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was bought at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the purchase, the insider now owns 7,476,345 shares in the company, valued at $6,504,420.15. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 157,491 shares of company stock worth $21,454,204. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Performance

ICE traded down $0.12 during trading on Friday, hitting $131.70. The company’s stock had a trading volume of 2,406,708 shares, compared to its average volume of 2,148,893. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. Intercontinental Exchange, Inc. has a one year low of $103.81 and a one year high of $140.43. The firm has a market cap of $75.41 billion, a PE ratio of 31.36, a P/E/G ratio of 2.16 and a beta of 1.02. The business’s 50 day simple moving average is $135.86 and its 200-day simple moving average is $125.19.

Intercontinental Exchange (NYSE:ICE) last released its earnings results 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. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the company earned $1.25 EPS. Intercontinental Exchange’s revenue for the quarter was up 24.5% on a year-over-year basis. As a group, sell-side analysts predict that Intercontinental Exchange, Inc. will post 5.97 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.45 per share. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. Intercontinental Exchange’s payout ratio is 42.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ICE. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $152.00 price objective on shares of Intercontinental Exchange in a report on Thursday, April 4th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Citigroup increased their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Morgan Stanley increased their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Bank of America cut their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $148.08.

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.