LPL Financial LLC Purchases 55,453 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

LPL Financial LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 13.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 454,708 shares of the financial services provider’s stock after acquiring an additional 55,453 shares during the period. LPL Financial LLC’s holdings in Intercontinental Exchange were worth $67,757,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $25,000. FSA Wealth Management LLC purchased a new position in Intercontinental Exchange in the 3rd quarter valued at approximately $31,000. Lee Danner & Bass Inc. purchased a new position in Intercontinental Exchange in the 4th quarter valued at approximately $34,000. BankPlus Trust Department bought a new stake in Intercontinental Exchange during the 4th quarter valued at $40,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth $51,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ICE. JPMorgan Chase & Co. decreased their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, Barclays boosted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 7,900 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the sale, the president now 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 this link. Also, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now owns 12,922 shares of the company’s stock, valued at $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,563 shares of company stock valued at $10,998,990. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 0.0 %

Shares of ICE stock opened at $175.69 on Thursday. The business has a 50-day moving average price of $166.08 and a two-hundred day moving average price of $160.37. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $176.82. 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 firm has a market cap of $100.95 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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 anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS 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. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.09%. Intercontinental Exchange’s payout ratio is 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.