Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,516 shares of the financial services provider’s stock after acquiring an additional 233 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Intercontinental Exchange were worth $226,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ICE. Hahn Capital Management LLC raised its stake in shares of Intercontinental Exchange by 69.8% during the fourth quarter. Hahn Capital Management LLC now owns 71,134 shares of the financial services provider’s stock valued at $10,600,000 after purchasing an additional 29,233 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Intercontinental Exchange by 6.8% during the fourth quarter. QRG Capital Management Inc. now owns 17,798 shares of the financial services provider’s stock valued at $2,652,000 after purchasing an additional 1,137 shares in the last quarter. Otter Creek Advisors LLC raised its stake in shares of Intercontinental Exchange by 102.2% during the fourth quarter. Otter Creek Advisors LLC now owns 33,233 shares of the financial services provider’s stock valued at $4,952,000 after purchasing an additional 16,797 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Intercontinental Exchange by 20,334.5% during the fourth quarter. Proficio Capital Partners LLC now owns 333,491 shares of the financial services provider’s stock valued at $49,693,000 after purchasing an additional 331,859 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Intercontinental Exchange by 215.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 3,044 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 1.4 %

Shares of ICE opened at $173.21 on Friday. The business’s 50-day moving average price is $157.41 and its 200 day moving average price is $158.79. The stock has a market capitalization of $99.52 billion, a P/E ratio of 36.24, a P/E/G ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $173.54. 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 issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.11%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the transaction, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. This trade represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,268 shares of company stock valued at $11,262,789 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ICE shares. UBS Group lifted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Barclays boosted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

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.