Callan Family Office LLC Invests $1.51 Million in Intercontinental Exchange, Inc. (NYSE:ICE)

Callan Family Office LLC bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 10,098 shares of the financial services provider’s stock, valued at approximately $1,505,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EagleClaw Capital Managment LLC increased its position in shares of Intercontinental Exchange by 1.8% during the fourth quarter. EagleClaw Capital Managment LLC now owns 67,740 shares of the financial services provider’s stock valued at $10,094,000 after buying an additional 1,200 shares during the period. E Fund Management Co. Ltd. purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth about $214,000. Candriam S.C.A. raised its stake in shares of Intercontinental Exchange by 30.7% during the fourth quarter. Candriam S.C.A. now owns 243,526 shares of the financial services provider’s stock worth $36,288,000 after acquiring an additional 57,260 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in Intercontinental Exchange by 29.4% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 8,020 shares of the financial services provider’s stock worth $1,195,000 after purchasing an additional 1,821 shares during the period. Finally, Carmel Capital Partners LLC lifted its stake in shares of Intercontinental Exchange by 1.2% in the 4th quarter. Carmel Capital Partners LLC now owns 10,337 shares of the financial services provider’s stock valued at $1,540,000 after acquiring an additional 125 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the sale, the insider now directly owns 17,972 shares in the company, valued at approximately $3,001,144.28. The trade was a 27.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Benjamin Jackson sold 7,900 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the sale, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. The trade was a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,268 shares of company stock worth $11,262,789 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 0.4 %

Shares of Intercontinental Exchange stock opened at $170.40 on Friday. The company has a market cap of $97.91 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The firm has a 50-day simple moving average of $159.46 and a two-hundred day simple moving average of $159.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $175.41.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data 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%. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.