Ieq Capital LLC Grows Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Ieq Capital LLC grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 58.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,826 shares of the financial services provider’s stock after buying an additional 6,611 shares during the period. Ieq Capital LLC’s holdings in Intercontinental Exchange were worth $1,611,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ICE. IMA Wealth Inc. purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at $28,000. WASHINGTON TRUST Co grew its stake in shares of Intercontinental Exchange by 173.9% during the 3rd quarter. WASHINGTON TRUST Co now owns 315 shares of the financial services provider’s stock valued at $28,000 after buying an additional 200 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Intercontinental Exchange by 48.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 319 shares of the financial services provider’s stock valued at $30,000 after buying an additional 104 shares during the period. FinTrust Capital Advisors LLC boosted its position in Intercontinental Exchange by 119.3% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 364 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 198 shares during the period. Finally, MV Capital Management Inc. boosted its position in Intercontinental Exchange by 90.2% during the 3rd quarter. MV Capital Management Inc. now owns 428 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 203 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $106.25 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.04. Intercontinental Exchange, Inc. has a 1 year low of $88.60 and a 1 year high of $137.40. The firm’s 50-day simple moving average is $105.10 and its 200-day simple moving average is $100.92. The firm has a market cap of $59.35 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.66 and a beta of 0.91.

Intercontinental Exchange (NYSE:ICEGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Intercontinental Exchange had a net margin of 26.58% and a return on equity of 13.38%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. Equities analysts forecast that Intercontinental Exchange, Inc. will post 5.31 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Wednesday, December 14th. Intercontinental Exchange’s dividend payout ratio is presently 33.70%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Saturday, November 12th. UBS Group decreased their price target on shares of Intercontinental Exchange from $128.00 to $116.00 and set a “buy” rating for the company in a research report on Thursday, October 6th. TheStreet lowered shares of Intercontinental Exchange from a “b-” rating to a “c+” rating in a report on Wednesday, October 19th. Citigroup boosted their price objective on shares of Intercontinental Exchange from $102.00 to $110.00 in a report on Thursday, January 12th. Finally, Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $116.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $132.25.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $105.98, for a total value of $169,568.00. Following the completion of the transaction, the senior vice president now owns 20,934 shares in the company, valued at approximately $2,218,585.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $105.98, for a total value of $169,568.00. Following the completion of the transaction, the senior vice president now owns 20,934 shares in the company, valued at approximately $2,218,585.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 30,000 shares of the company’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $105.37, for a total transaction of $3,161,100.00. Following the completion of the transaction, the chief executive officer now owns 2,971,705 shares of the company’s stock, valued at approximately $313,128,555.85. The disclosure for this sale can be found here. Insiders sold a total of 34,100 shares of company stock valued at $3,593,168 in the last quarter. Insiders own 1.30% of the company’s stock.

About Intercontinental Exchange

(Get Rating)

Intercontinental Exchange, Inc, together with its subsidiaries, 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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