Oppenheimer & Co. Inc. boosted its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,078 shares of the financial services provider’s stock after acquiring an additional 1,579 shares during the period. Oppenheimer & Co. Inc.’s holdings in Intercontinental Exchange were worth $933,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Perennial Investment Advisors LLC bought a new stake in Intercontinental Exchange during the fourth quarter worth approximately $1,332,000. Lido Advisors LLC raised its holdings in Intercontinental Exchange by 460.7% during the fourth quarter. Lido Advisors LLC now owns 12,655 shares of the financial services provider’s stock worth $1,171,000 after purchasing an additional 10,398 shares in the last quarter. WCM Investment Management LLC bought a new stake in Intercontinental Exchange during the fourth quarter worth approximately $109,498,000. PNC Financial Services Group Inc. raised its holdings in Intercontinental Exchange by 2.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 179,725 shares of the financial services provider’s stock worth $16,633,000 after purchasing an additional 4,388 shares in the last quarter. Finally, Marietta Wealth Management LLC grew its position in Intercontinental Exchange by 3.1% in the fourth quarter. Marietta Wealth Management LLC now owns 53,784 shares of the financial services provider’s stock worth $4,978,000 after buying an additional 1,605 shares during the last quarter. 82.25% of the stock is currently owned by hedge funds and other institutional investors.
ICE stock traded down $0.81 during trading hours on Monday, reaching $93.94. The stock had a trading volume of 1,500,715 shares, compared to its average volume of 5,001,590. The stock has a market capitalization of $52.44 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 2.65 and a beta of 0.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50-day simple moving average of $95.74 and a 200 day simple moving average of $93.44. Intercontinental Exchange Inc has a fifty-two week low of $71.90 and a fifty-two week high of $101.93.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 15th. Intercontinental Exchange’s payout ratio is 28.35%.
Several research analysts have issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $102.00 price target on shares of Intercontinental Exchange in a research report on Friday, February 7th. Citigroup lifted their target price on shares of Intercontinental Exchange from $101.00 to $103.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Barclays set a $104.00 target price on shares of Intercontinental Exchange and gave the company a “buy” rating in a research note on Sunday, November 3rd. Compass Point set a $105.00 price objective on shares of Intercontinental Exchange and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, UBS Group set a $108.00 price objective on shares of Intercontinental Exchange and gave the company a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $98.92.
In other Intercontinental Exchange news, Director Charles R. Crisp sold 2,908 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $95.56, for a total transaction of $277,888.48. Following the completion of the transaction, the director now owns 51,201 shares of the company’s stock, valued at $4,892,767.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 2,960 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $94.26, for a total value of $279,009.60. Following the transaction, the general counsel now directly owns 40,886 shares of the company’s stock, valued at approximately $3,853,914.36. The disclosure for this sale can be found here. Insiders sold 149,005 shares of company stock valued at $13,829,763 in the last ninety days. 1.50% of the stock is currently owned by insiders.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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