Frank Rimerman Advisors LLC Purchases 1,351 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Frank Rimerman Advisors LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,144 shares of the financial services provider’s stock after purchasing an additional 1,351 shares during the period. Frank Rimerman Advisors LLC’s holdings in Intercontinental Exchange were worth $916,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ICE. Ironwood Investment Management LLC raised its holdings in shares of Intercontinental Exchange by 15.2% during the fourth quarter. Ironwood Investment Management LLC now owns 4,781 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 630 shares in the last quarter. Montis Financial LLC purchased a new position in Intercontinental Exchange during the 4th quarter valued at $206,000. Intact Investment Management Inc. raised its holdings in Intercontinental Exchange by 41.1% in the 4th quarter. Intact Investment Management Inc. now owns 4,700 shares of the financial services provider’s stock worth $700,000 after purchasing an additional 1,370 shares in the last quarter. Aviso Financial Inc. lifted its position in shares of Intercontinental Exchange by 4.0% in the 4th quarter. Aviso Financial Inc. now owns 47,491 shares of the financial services provider’s stock worth $7,077,000 after purchasing an additional 1,808 shares during the period. Finally, Atala Financial Inc bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $85,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 1.3 %

NYSE:ICE opened at $171.28 on Friday. The stock has a market cap of $98.41 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 2.10 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average price is $161.47 and its 200-day moving average price is $159.64. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $175.41.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.12%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analyst Weigh In

ICE has been the subject of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. 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 research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price objective 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, UBS Group boosted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.80.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the sale, the senior vice president now directly owns 21,992 shares in the company, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,313 shares of company stock valued at $11,113,733. 1.10% of the stock is owned by corporate 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.