Proficio Capital Partners LLC Has $333,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Proficio Capital Partners LLC increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 37.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,238 shares of the financial services provider’s stock after purchasing an additional 606 shares during the period. Proficio Capital Partners LLC’s holdings in Intercontinental Exchange were worth $333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $25,000. FSA Wealth Management LLC bought a new stake in Intercontinental Exchange in the third quarter valued at about $31,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange in the fourth quarter worth about $40,000. Golden State Wealth Management LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $51,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the transaction, the president now owns 147,274 shares in the company, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now owns 17,972 shares of the company’s stock, valued at approximately $3,001,144.28. The trade was a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,563 shares of company stock valued at $10,998,990. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

ICE opened at $175.58 on Wednesday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $176.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50-day moving average price is $165.53 and its two-hundred day moving average price is $160.26. The company has a market capitalization of $100.88 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 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%. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company 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 annualized dividend and a yield of 1.09%. Intercontinental Exchange’s payout ratio is currently 40.17%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ICE. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group upped their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.