Coldstream Capital Management Inc. Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Coldstream Capital Management Inc. lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 21.2% in the fourth quarter, HoldingsChannel reports. The fund owned 16,732 shares of the financial services provider’s stock after buying an additional 2,926 shares during the period. Coldstream Capital Management Inc.’s holdings in Intercontinental Exchange were worth $2,493,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Sierra Ocean LLC bought a new stake in Intercontinental Exchange in the fourth quarter worth $25,000. Redwood Park Advisors LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth about $33,000. Lee Danner & Bass Inc. bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $34,000. BankPlus Trust Department purchased a new stake in Intercontinental Exchange during the 4th quarter valued at about $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Intercontinental Exchange during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ICE. Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. UBS Group upped their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays increased their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Bank of America lowered their price target on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.47.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $163.40 on Friday. The business has a fifty day simple moving average of $166.46 and a two-hundred day simple moving average of $160.44. The firm has a market capitalization of $93.87 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $177.45.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.18%. Intercontinental Exchange’s payout ratio is currently 40.17%.

Insider Activity at Intercontinental Exchange

In other news, SVP Douglas Foley sold 10,580 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now directly owns 21,992 shares in the company, valued at $3,661,008.24. This trade represents a 32.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $165.71, for a total transaction of $965,757.88. Following the completion of the transaction, the president now owns 164,041 shares in the company, valued at approximately $27,183,234.11. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,931 shares of company stock valued at $10,492,868 in the last 90 days. Corporate insiders own 1.00% 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.