Hilltop Holdings Inc. Increases Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Hilltop Holdings Inc. lifted its position in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 2.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 24,825 shares of the financial services provider’s stock after acquiring an additional 679 shares during the period. Hilltop Holdings Inc.’s holdings in Intercontinental Exchange were worth $3,188,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ICE. Jones Financial Companies Lllp purchased a new stake in Intercontinental Exchange in the third quarter worth $26,000. Fortitude Family Office LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth about $28,000. Stuart Chaussee & Associates Inc. purchased a new position in Intercontinental Exchange in the 4th quarter worth about $28,000. Altshuler Shaham Ltd bought a new stake in Intercontinental Exchange during the 4th quarter valued at about $29,000. Finally, Sachetta LLC purchased a new stake in Intercontinental Exchange in the 4th quarter valued at about $29,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Up 0.7 %

NYSE ICE traded up $0.94 on Friday, hitting $136.34. The stock had a trading volume of 926,069 shares, compared to its average volume of 2,117,377. The business’s fifty day moving average price is $134.28 and its 200 day moving average price is $128.97. The stock has a market cap of $78.20 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange, Inc. has a 52-week low of $103.81 and a 52-week high of $140.43.

Intercontinental Exchange (NYSE:ICEGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the firm earned $1.41 EPS. The business’s quarterly revenue was up 20.8% on a year-over-year basis. Equities research analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the transaction, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the sale, the general counsel now owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares in the company, valued at $161,893,392.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,467 shares of company stock valued at $8,433,168. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. UBS Group lifted their target price on Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Argus reissued a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Bank of America cut their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $148.29.

View Our Latest Stock Report on Intercontinental Exchange

Intercontinental Exchange Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange, Inc. (NYSE:ICEFree Report).

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

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.