Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 112,992 shares of the financial services provider’s stock after acquiring an additional 6,502 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Intercontinental Exchange were worth $16,837,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB lifted its holdings in Intercontinental Exchange by 14.5% in the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after purchasing an additional 16,130 shares in the last quarter. Private Advisor Group LLC raised its holdings in Intercontinental Exchange by 4.2% in the 3rd quarter. Private Advisor Group LLC now owns 30,616 shares of the financial services provider’s stock valued at $4,918,000 after buying an additional 1,235 shares during the period. International Assets Investment Management LLC raised its holdings in Intercontinental Exchange by 21,404.8% in the 3rd quarter. International Assets Investment Management LLC now owns 39,999 shares of the financial services provider’s stock valued at $6,425,000 after buying an additional 39,813 shares during the period. Dakota Wealth Management grew its position in Intercontinental Exchange by 10.2% in the 3rd quarter. Dakota Wealth Management now owns 4,978 shares of the financial services provider’s stock valued at $800,000 after acquiring an additional 459 shares in the last quarter. Finally, Allworth Financial LP grew its position in Intercontinental Exchange by 2.2% in the 3rd quarter. Allworth Financial LP now owns 4,556 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.7 %

Intercontinental Exchange stock opened at $168.04 on Monday. The stock has a market cap of $96.55 billion, a PE ratio of 35.15, a P/E/G ratio of 2.10 and a beta of 1.11. The stock has a 50-day moving average price of $155.42 and a 200 day moving average price of $158.23. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $169.78. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Equities research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.14%. Intercontinental Exchange’s dividend payout ratio is presently 37.66%.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of analyst reports. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Insiders Place Their Bets

In other Intercontinental Exchange news, President Benjamin Jackson sold 17,104 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. The trade was a 9.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares of the company’s stock, valued at $6,977,088.16. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,368 shares of company stock worth $9,908,492 in the last three months. 1.10% of the stock is owned by insiders.

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.