Empowered Funds LLC Has $1.97 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Empowered Funds LLC lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 22.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,207 shares of the financial services provider’s stock after buying an additional 2,378 shares during the period. Empowered Funds LLC’s holdings in Intercontinental Exchange were worth $1,968,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange in the 3rd quarter worth about $26,000. Financial Management Professionals Inc. increased its stake in shares of Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after buying an additional 87 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at about $29,000. FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at about $31,000. Finally, Planning Capital Management Corp increased its stake in shares of Intercontinental Exchange by 96.7% in the third 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 during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ICE shares. Deutsche Bank Aktiengesellschaft upped their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Barclays upped their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. UBS Group upped their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Trading Down 1.0 %

Shares of ICE stock opened at $166.85 on Friday. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $169.78. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average price is $154.42 and its 200-day moving average price is $157.55. The stock has a market capitalization of $95.80 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results 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 return on equity of 12.95% and a net margin of 23.42%. Equities research analysts predict that Intercontinental Exchange, Inc. will post 6.63 EPS for the current fiscal 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 given 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 dividend yield of 1.15%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 37.66%.

Insider Buying and Selling at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the sale, the general counsel now directly owns 44,702 shares of the company’s stock, valued at $6,977,088.16. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,358 shares of company stock worth $5,535,650 over the last 90 days. Company 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.