Creative Planning raised its position in Intercontinental Exchange Inc (NYSE:ICE) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,014 shares of the financial services provider’s stock after buying an additional 259 shares during the period. Creative Planning’s holdings in Intercontinental Exchange were worth $980,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Dupont Capital Management Corp boosted its position in Intercontinental Exchange by 1,714.0% in the 4th quarter. Dupont Capital Management Corp now owns 116,203 shares of the financial services provider’s stock valued at $8,754,000 after buying an additional 109,797 shares during the last quarter. Scott & Selber Inc. purchased a new position in Intercontinental Exchange in the 4th quarter valued at about $1,956,000. Boys Arnold & Co. Inc. boosted its position in Intercontinental Exchange by 2.4% in the 4th quarter. Boys Arnold & Co. Inc. now owns 10,979 shares of the financial services provider’s stock valued at $817,000 after buying an additional 256 shares during the last quarter. Ruggie Capital Group purchased a new position in Intercontinental Exchange in the 4th quarter valued at about $29,000. Finally, Doliver Capital Advisors LP purchased a new position in Intercontinental Exchange in the 4th quarter valued at about $777,000. 89.80% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on ICE shares. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Raymond James upped their price objective on shares of Intercontinental Exchange from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Barclays upped their price objective on shares of Intercontinental Exchange from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, November 1st. Citigroup set a $80.00 price objective on shares of Intercontinental Exchange and gave the company a “hold” rating in a research report on Thursday, November 1st. Finally, Wells Fargo & Co increased their price target on shares of Intercontinental Exchange from $80.00 to $81.00 and gave the stock a “market perform” rating in a research report on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus price target of $85.78.
Shares of ICE stock opened at $75.52 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.38. Intercontinental Exchange Inc has a one year low of $67.70 and a one year high of $82.65. The stock has a market cap of $43.30 billion, a PE ratio of 21.04, a P/E/G ratio of 2.05 and a beta of 0.47.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.68% and a return on equity of 12.23%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, analysts anticipate that Intercontinental Exchange Inc will post 3.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.10 annualized dividend and a yield of 1.46%. Intercontinental Exchange’s dividend payout ratio (DPR) is 26.74%.
Intercontinental Exchange announced that its board has authorized a stock repurchase program on Wednesday, October 31st that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 4.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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