Budros Ruhlin & Roe Inc. Makes New $206,000 Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Budros Ruhlin & Roe Inc. bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the 1st quarter, Holdings Channel.com reports. The firm bought 1,849 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ICE. Magellan Asset Management Ltd lifted its holdings in Intercontinental Exchange by 54.8% during the 4th quarter. Magellan Asset Management Ltd now owns 18,201,606 shares of the financial services provider’s stock worth $2,098,463,000 after buying an additional 6,446,916 shares during the period. Norges Bank acquired a new position in Intercontinental Exchange during the 4th quarter worth about $597,561,000. Morgan Stanley lifted its holdings in Intercontinental Exchange by 39.4% during the 4th quarter. Morgan Stanley now owns 13,619,388 shares of the financial services provider’s stock worth $1,570,179,000 after buying an additional 3,851,221 shares during the period. BlackRock Inc. lifted its stake in shares of Intercontinental Exchange by 8.2% in the 1st quarter. BlackRock Inc. now owns 39,675,049 shares of the financial services provider’s stock valued at $4,430,910,000 after purchasing an additional 2,990,090 shares during the period. Finally, Harvard Management Co. Inc. acquired a new position in shares of Intercontinental Exchange in the 1st quarter valued at about $230,334,000. 87.67% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Scott A. Hill sold 17,095 shares of the business’s stock in a transaction that occurred on Monday, April 19th. The stock was sold at an average price of $120.07, for a total value of $2,052,596.65. Following the transaction, the chief financial officer now owns 160,490 shares in the company, valued at approximately $19,270,034.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William Jefferson Hague sold 675 shares of the business’s stock in a transaction that occurred on Wednesday, May 19th. The stock was sold at an average price of $110.00, for a total value of $74,250.00. Following the completion of the transaction, the director now owns 15,270 shares in the company, valued at approximately $1,679,700. The disclosure for this sale can be found here. Insiders have sold a total of 132,742 shares of company stock valued at $15,137,922 over the last three months. Corporate insiders own 1.30% of the company’s stock.

A number of research analysts have recently issued reports on the company. Raymond James boosted their price objective on Intercontinental Exchange from $133.00 to $136.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 6th. Zacks Investment Research raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Monday, April 19th. Rosenblatt Securities boosted their price objective on Intercontinental Exchange from $133.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, April 30th. Finally, Morgan Stanley assumed coverage on Intercontinental Exchange in a research note on Friday. They issued an “equal weight” rating and a $122.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Intercontinental Exchange currently has an average rating of “Buy” and an average price target of $123.38.

Shares of Intercontinental Exchange stock opened at $111.72 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day moving average price of $114.89. The company has a market cap of $62.87 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 2.62 and a beta of 0.73. Intercontinental Exchange, Inc. has a one year low of $90.01 and a one year high of $121.96.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, April 29th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.75 billion. Intercontinental Exchange had a return on equity of 13.50% and a net margin of 24.36%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 5.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Wednesday, June 16th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, June 15th. Intercontinental Exchange’s dividend payout ratio is currently 29.27%.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

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

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