Wetzel Investment Advisors Inc. Acquires 270 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Wetzel Investment Advisors Inc. lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 16.5% during the third quarter, HoldingsChannel.com reports. The firm owned 1,909 shares of the financial services provider’s stock after purchasing an additional 270 shares during the period. Wetzel Investment Advisors Inc.’s holdings in Intercontinental Exchange were worth $307,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. New Millennium Group LLC acquired a new position in Intercontinental Exchange during the second quarter worth $25,000. International Assets Investment Management LLC bought a new stake in shares of Intercontinental Exchange in the second quarter valued at about $25,000. Fairscale Capital LLC bought a new stake in shares of Intercontinental Exchange in the second quarter valued at about $25,000. Wolff Wiese Magana LLC boosted its position in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Intercontinental Exchange in the third quarter valued at about $26,000. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Barclays cut their price objective on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research report on Friday. The Goldman Sachs Group upped their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Bank of America upped their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Citigroup upped their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $173.93.

Insider Activity

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Christopher Scott Edmonds sold 602 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares of the company’s stock, valued at $2,284,875.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,489 shares of company stock valued at $1,202,259 over the last quarter. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $154.64 on Monday. The business has a 50 day moving average of $161.98 and a 200-day moving average of $148.45. Intercontinental Exchange, Inc. has a 1 year low of $104.91 and a 1 year high of $167.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market capitalization of $88.79 billion, a P/E ratio of 36.64, a P/E/G ratio of 2.35 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.13 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 42.65%.

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.