Fullcircle Wealth LLC Makes New Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Fullcircle Wealth LLC purchased a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,321 shares of the financial services provider’s stock, valued at approximately $197,000.

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

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $166.36, for a total value of $1,314,244.00. Following the sale, the president now owns 160,059 shares in the company, valued at $26,627,415.24. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $418,170.00. Following the sale, the director now owns 21,364 shares in the company, 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. Insiders have sold 42,368 shares of company stock valued at $7,077,789 in the last quarter. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $176.45 on Friday. The firm’s 50-day simple moving average is $166.76 and its two-hundred day simple moving average is $160.91. 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 52 week low of $131.79 and a 52 week high of $178.80. The firm has a market cap of $101.37 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.10 and a beta of 1.12.

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

Intercontinental Exchange Announces Dividend

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

Analyst Upgrades and Downgrades

ICE has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective 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. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Morgan Stanley upped their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Bank of America dropped their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.93.

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.