Wealth Alliance Has $460,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Wealth Alliance raised its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 54.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,583 shares of the financial services provider’s stock after acquiring an additional 1,265 shares during the quarter. Wealth Alliance’s holdings in Intercontinental Exchange were worth $460,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ICE. OFI Invest Asset Management acquired a new stake in Intercontinental Exchange in the third quarter valued at $25,000. Jones Financial Companies Lllp bought a new position in Intercontinental Exchange in the 3rd quarter valued at about $26,000. Fortitude Family Office LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at about $28,000. BKM Wealth Management LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at about $31,000. Finally, First Capital Advisors Group LLC. bought a new position in Intercontinental Exchange in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In related news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the purchase, the insider now directly owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Intercontinental Exchange news, CFO Warren Gardiner sold 500 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $138.83, for a total transaction of $69,415.00. Following the completion of the sale, the chief financial officer now owns 18,326 shares in the company, valued at approximately $2,544,198.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $0.87 per share, with a total value of $2,402,947.83. Following the purchase, the insider now directly owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The disclosure for this purchase can be found here. Insiders sold 157,491 shares of company stock worth $21,454,204 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Up 0.6 %

Shares of NYSE ICE opened at $130.74 on Thursday. The company has a market capitalization of $74.86 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 2.06 and a beta of 1.02. Intercontinental Exchange, Inc. has a 52-week low of $103.81 and a 52-week high of $140.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50 day moving average price is $136.42 and its 200-day moving average price is $124.22.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. Intercontinental Exchange’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. Equities analysts forecast that Intercontinental Exchange, Inc. will post 5.98 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.38%. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s payout ratio is currently 42.86%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ICE. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Barclays raised their price target on shares of Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $152.00 price target on shares of Intercontinental Exchange in a research note on Thursday, April 4th. UBS Group raised their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Raymond James raised their price target on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.08.

About Intercontinental Exchange

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.