Bradley Foster & Sargent Inc. CT Has $45.20 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Bradley Foster & Sargent Inc. CT increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 6,756.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,351 shares of the financial services provider’s stock after buying an additional 298,927 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Intercontinental Exchange were worth $45,202,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cassaday & Co Wealth Management LLC grew its holdings in Intercontinental Exchange by 72.0% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,207 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 924 shares during the period. Arcadia Investment Management Corp MI boosted its position in shares of Intercontinental Exchange by 1.5% in the 4th quarter. Arcadia Investment Management Corp MI now owns 96,015 shares of the financial services provider’s stock worth $14,307,000 after purchasing an additional 1,448 shares during the last quarter. Waterfront Wealth Inc. grew its stake in shares of Intercontinental Exchange by 2.7% during the fourth quarter. Waterfront Wealth Inc. now owns 10,129 shares of the financial services provider’s stock worth $1,509,000 after purchasing an additional 264 shares during the period. Nicholson Wealth Management Group LLC increased its holdings in Intercontinental Exchange by 109.5% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 9,197 shares of the financial services provider’s stock valued at $1,370,000 after purchasing an additional 4,808 shares during the last quarter. Finally, Tandem Investment Advisors Inc. lifted its stake in Intercontinental Exchange by 9.1% in the fourth quarter. Tandem Investment Advisors Inc. now owns 815,688 shares of the financial services provider’s stock valued at $121,546,000 after buying an additional 68,291 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other news, President Benjamin Jackson sold 17,104 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the sale, the president now owns 155,174 shares of the company’s stock, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the transaction, the senior vice president now owns 21,992 shares in the company, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,196 shares of company stock worth $10,840,972 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Intercontinental Exchange Price Performance

Shares of ICE opened at $167.00 on Friday. The company has a 50 day moving average of $155.18 and a 200-day moving average of $157.99. 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 stock has a market capitalization of $95.95 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.11 and a beta of 1.11. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.78.

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 net margin of 23.42% and a return on equity of 12.95%. As a group, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal 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. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.15%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 37.66%.

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.