Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,247 shares of the financial services provider’s stock after buying an additional 1,232 shares during the quarter. Intercontinental Exchange makes up about 1.3% of Duncker Streett & Co. Inc.’s holdings, making the stock its 18th largest position. Duncker Streett & Co. Inc.’s holdings in Intercontinental Exchange were worth $6,742,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ICE. Integrated Advisors Network LLC increased its position in Intercontinental Exchange by 4.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 66 shares in the last quarter. Pinnacle Associates Ltd. increased its position in Intercontinental Exchange by 9.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 10,120 shares of the financial services provider’s stock worth $1,626,000 after purchasing an additional 854 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in Intercontinental Exchange during the 3rd quarter worth about $240,000. US Bancorp DE increased its position in Intercontinental Exchange by 6.3% during the 3rd quarter. US Bancorp DE now owns 160,215 shares of the financial services provider’s stock worth $25,737,000 after purchasing an additional 9,500 shares in the last quarter. Finally, Roanoke Asset Management Corp NY purchased a new stake in Intercontinental Exchange during the 3rd quarter worth about $340,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 7,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the transaction, the president now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,268 shares of company stock valued at $11,262,789. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ICE. UBS Group lifted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Stock Up 1.4 %

Shares of NYSE:ICE opened at $173.21 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $173.54. The stock has a market capitalization of $99.52 billion, a P/E ratio of 36.24, a PEG ratio of 2.10 and a beta of 1.11. The stock has a 50-day simple moving average of $157.41 and a 200-day simple moving average of $158.79.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.11%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

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.