Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,426 shares of the financial services provider’s stock after buying an additional 212 shares during the period. Fidelis Capital Partners LLC’s holdings in Intercontinental Exchange were worth $440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP increased its stake in Intercontinental Exchange by 219.8% during the third quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock valued at $1,336,371,000 after purchasing an additional 8,348,126 shares during the last quarter. Norges Bank bought a new stake in Intercontinental Exchange during the fourth quarter valued at $579,605,000. T. Rowe Price Investment Management Inc. increased its stake in Intercontinental Exchange by 45.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,114,267 shares of the financial services provider’s stock valued at $1,755,753,000 after purchasing an additional 5,354,161 shares during the last quarter. Morgan Stanley increased its stake in Intercontinental Exchange by 18.9% during the fourth quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider’s stock valued at $2,606,466,000 after purchasing an additional 4,044,744 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Intercontinental Exchange by 59.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,275,418 shares of the financial services provider’s stock valued at $564,869,000 after purchasing an additional 1,589,999 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $131.20 on Friday. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month high of $140.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $136.27 and a 200-day moving average of $124.42. The firm has a market cap of $75.13 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 2.07 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last posted 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. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 24.5% on a year-over-year basis. Analysts forecast that Intercontinental Exchange, Inc. will post 5.98 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.45 per share. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ICE. JPMorgan Chase & Co. boosted their price target on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Rosenblatt Securities boosted their price target on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a report on Friday, February 9th. Raymond James boosted their price target on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, January 5th. Bank of America reduced their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a report on Friday. Finally, UBS Group boosted their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, February 12th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.08.

Insider Activity

In other Intercontinental Exchange news, SVP Douglas Foley sold 7,070 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $136.09, for a total transaction of $962,156.30. Following the completion of the sale, the senior vice president now directly owns 18,383 shares of the company’s stock, valued at $2,501,742.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Intercontinental Exchange news, CFO Warren Gardiner sold 500 shares of the company’s stock in a transaction dated 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 directly owns 18,326 shares of the company’s stock, valued at $2,544,198.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Douglas Foley sold 7,070 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $136.09, for a total transaction of $962,156.30. Following the completion of the sale, the senior vice president now directly owns 18,383 shares of the company’s stock, valued at $2,501,742.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,491 shares of company stock worth $21,454,204. Corporate insiders own 1.10% of the company’s stock.

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.