Stonebrook Private Inc. Invests $731,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

Stonebrook Private Inc. bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the fourth quarter, Holdings Channel reports. The firm bought 5,692 shares of the financial services provider’s stock, valued at approximately $731,000.

A number of other institutional investors have also modified their holdings of ICE. OFI Invest Asset Management purchased a new position in Intercontinental Exchange in the 3rd quarter worth approximately $25,000. Jones Financial Companies Lllp purchased a new position in Intercontinental Exchange in the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC purchased a new position in Intercontinental Exchange in the 4th quarter worth approximately $28,000. Stuart Chaussee & Associates Inc. purchased a new position in Intercontinental Exchange in the 4th quarter worth approximately $28,000. Finally, BKM Wealth Management LLC purchased a new position in Intercontinental Exchange in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other news, CAO James W. Namkung sold 1,182 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $156,059.46. Following the completion of the transaction, the chief accounting officer now owns 16,396 shares of the company’s stock, valued at $2,164,763.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Warren Gardiner sold 500 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $138.83, for a total value of $69,415.00. Following the completion of the transaction, the chief financial officer now owns 18,326 shares of the company’s stock, valued at $2,544,198.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO James W. Namkung sold 1,182 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $132.03, for a total value of $156,059.46. Following the transaction, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The disclosure for this sale can be found here. Insiders sold a total of 157,491 shares of company stock worth $21,454,204 in the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ICE. Rosenblatt Securities upped their price target on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Bank of America cut their target price on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Morgan Stanley upped their target price on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Finally, Barclays upped their target price on Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $148.08.

Intercontinental Exchange Stock Performance

ICE traded down $0.12 during trading on Friday, reaching $131.70. 2,406,708 shares of the company were exchanged, compared to its average volume of 2,148,893. The stock has a market cap of $75.41 billion, a P/E ratio of 31.36, a PEG ratio of 2.15 and a beta of 1.02. The firm has a 50 day moving average of $135.86 and a 200 day moving average of $125.28. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80. Intercontinental Exchange, Inc. has a 52 week low of $103.81 and a 52 week high of $140.43.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm’s revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.25 EPS. On average, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 5.97 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.45 per share. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio is presently 42.86%.

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.