Sherbrooke Park Advisers LLC Has $505,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Sherbrooke Park Advisers LLC grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 59.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,387 shares of the financial services provider’s stock after acquiring an additional 1,267 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Intercontinental Exchange were worth $505,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ICE. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $25,000. Redwood Park Advisors LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $33,000. Lee Danner & Bass Inc. bought a new position in Intercontinental Exchange in the 4th quarter valued at about $34,000. BankPlus Trust Department bought a new position in Intercontinental Exchange in the 4th quarter valued at about $40,000. Finally, Kapitalo Investimentos Ltda bought a new position in Intercontinental Exchange in the 4th quarter valued at about $44,000. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction that occurred on 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director now owns 21,364 shares of the company’s stock, valued at $3,396,876. This represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,368 shares of company stock valued at $7,077,789. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group raised their price target 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. Morgan Stanley raised their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Bank of America dropped their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Finally, StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $185.93.

Intercontinental Exchange Trading Up 0.7%

NYSE:ICE opened at $176.10 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $101.01 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The firm’s 50 day moving average is $167.31 and its 200 day moving average is $161.23. Intercontinental Exchange, Inc. has a 12 month low of $131.79 and a 12 month high of $179.44.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.09%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 39.75%.

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.