Appleton Partners Inc. MA Raises Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Appleton Partners Inc. MA grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,590 shares of the financial services provider’s stock after buying an additional 451 shares during the period. Intercontinental Exchange makes up 1.1% of Appleton Partners Inc. MA’s portfolio, making the stock its 19th largest holding. Appleton Partners Inc. MA’s holdings in Intercontinental Exchange were worth $13,387,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Genesee Capital Advisors LLC purchased a new position in shares of Intercontinental Exchange in the 3rd quarter worth $2,207,000. Norway Savings Bank grew its stake in shares of Intercontinental Exchange by 9.3% in the 3rd quarter. Norway Savings Bank now owns 10,625 shares of the financial services provider’s stock worth $1,220,000 after buying an additional 905 shares in the last quarter. Capital Asset Advisory Services LLC purchased a new position in shares of Intercontinental Exchange in the 3rd quarter worth $482,000. Hixon Zuercher LLC grew its stake in shares of Intercontinental Exchange by 1.8% in the 3rd quarter. Hixon Zuercher LLC now owns 29,784 shares of the financial services provider’s stock worth $3,420,000 after buying an additional 529 shares in the last quarter. Finally, CHICAGO TRUST Co NA boosted its stake in shares of Intercontinental Exchange by 16.9% during the 3rd quarter. CHICAGO TRUST Co NA now owns 10,121 shares of the financial services provider’s stock worth $1,162,000 after purchasing an additional 1,465 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ICE traded up $0.22 during trading hours on Thursday, hitting $132.27. The company’s stock had a trading volume of 2,007,674 shares, compared to its average volume of 2,326,031. Intercontinental Exchange, Inc. has a 52 week low of $102.50 and a 52 week high of $139.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $74.52 billion, a price-to-earnings ratio of 24.45 and a beta of 0.80. The firm’s fifty day moving average price is $128.40 and its 200 day moving average price is $120.78.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 28th. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. Intercontinental Exchange had a net margin of 33.69% and a return on equity of 13.57%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 5.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 31st. Stockholders of record on Friday, December 17th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. Intercontinental Exchange’s dividend payout ratio is currently 24.40%.

In related news, CFO Warren Gardiner sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, November 10th. The shares were sold at an average price of $135.08, for a total transaction of $175,604.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mark Wassersug sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 10th. The stock was sold at an average price of $120.00, for a total transaction of $240,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,375 shares of company stock valued at $15,425,653. Company insiders own 1.30% of the company’s stock.

A number of equities analysts recently commented on ICE shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intercontinental Exchange from $140.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, October 29th. UBS Group lifted their price target on shares of Intercontinental Exchange from $143.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 6th. Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating and set a $126.00 price target for the company. in a research note on Friday, September 17th. Raymond James lifted their price target on shares of Intercontinental Exchange from $136.00 to $140.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 30th. Finally, Rosenblatt Securities lifted their price target on shares of Intercontinental Exchange from $138.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $142.55.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc engages in the management of online marketplace. It operates through the following segments: Exchanges; Fixed Income and Data Services; and Mortgage Technology. The company was founded by Jeffrey C. Sprecher in May 2000 and is headquartered in Atlanta, GA.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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