MassMutual Private Wealth & Trust FSB Has $3.93 Million Stock Position in Intercontinental Exchange Inc. $ICE

MassMutual Private Wealth & Trust FSB increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 20.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,283 shares of the financial services provider’s stock after buying an additional 4,172 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Intercontinental Exchange were worth $3,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ICE. Brady Family Wealth LLC grew its position in shares of Intercontinental Exchange by 22.5% in the fourth quarter. Brady Family Wealth LLC now owns 2,513 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 461 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Intercontinental Exchange by 18.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,513 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 232 shares during the period. Aventura Private Wealth LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $98,000. Holistic Financial Partners acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $208,000. Finally, Everhart Financial Group Inc. boosted its stake in Intercontinental Exchange by 61.4% during the 4th quarter. Everhart Financial Group Inc. now owns 2,577 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 980 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 4,571 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $162.00, for a total transaction of $740,502.00. Following the completion of the transaction, the general counsel directly owned 48,181 shares of the company’s stock, valued at $7,805,322. This trade represents a 8.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $154.00, for a total transaction of $383,460.00. Following the completion of the transaction, the chief financial officer owned 27,679 shares of the company’s stock, valued at $4,262,566. This trade represents a 8.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 348,418 shares of company stock worth $54,196,631 in the last three months. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $158.54 on Friday. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The company has a market capitalization of $90.04 billion, a P/E ratio of 27.48, a P/E/G ratio of 1.71 and a beta of 1.03. The stock has a 50 day moving average of $164.02 and a two-hundred day moving average of $161.61. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.Intercontinental Exchange’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 earnings per share. As a group, equities analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.3%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 36.05%.

Analyst Ratings Changes

A number of analysts have issued reports on ICE shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Morgan Stanley set a $183.00 target price on shares of Intercontinental Exchange and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $180.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $194.73.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.