Fisher Asset Management LLC Has $208,000 Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Fisher Asset Management LLC increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,396 shares of the financial services provider’s stock after buying an additional 146 shares during the quarter. Fisher Asset Management LLC’s holdings in Intercontinental Exchange were worth $208,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $29,000. FSA Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $31,000. BankPlus Trust Department purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $40,000. Finally, Planning Capital Management Corp raised its holdings in shares of Intercontinental Exchange by 96.7% during 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 in the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $170.40 on Friday. The stock has a 50-day simple moving average of $159.46 and a two-hundred day simple moving average of $159.29. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $175.41. 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 has a market capitalization of $97.91 billion, a PE ratio of 35.65, a P/E/G ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) 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%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their price target 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. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $178.80.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 17,104 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the sale, the president now directly owns 155,174 shares in the company, valued at approximately $25,855,091.88. The trade was a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the sale, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. This represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,268 shares of company stock valued at $11,262,789 over the last 90 days. Company insiders own 1.10% of the company’s stock.

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.