Bradley Foster & Sargent Inc. CT Buys 298,927 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Bradley Foster & Sargent Inc. CT boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 6,756.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,351 shares of the financial services provider’s stock after purchasing an additional 298,927 shares during the quarter. Bradley Foster & Sargent Inc. CT owned about 0.05% of Intercontinental Exchange worth $45,202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its position in Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 87 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth about $29,000. FSA Wealth Management LLC bought a new stake in Intercontinental Exchange during the 3rd quarter valued at approximately $31,000. Finally, Planning Capital Management Corp grew its holdings in Intercontinental Exchange by 96.7% in the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock valued at $48,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.0 %

ICE opened at $167.00 on Friday. The firm has a market cap of $95.95 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.11 and a beta of 1.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s 50-day simple moving average is $155.18 and its 200-day simple moving average is $157.99. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.78.

Intercontinental Exchange (NYSE:ICE) last issued 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 return on equity of 12.95% and a net margin of 23.42%. Equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.15%. Intercontinental Exchange’s dividend payout ratio is 37.66%.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the transaction, the president now owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,196 shares of company stock worth $10,840,972. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Keefe, Bruyette & Woods increased their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.80.

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.