King Luther Capital Management Corp Buys 644 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

King Luther Capital Management Corp lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,784 shares of the financial services provider’s stock after purchasing an additional 644 shares during the period. King Luther Capital Management Corp’s holdings in Intercontinental Exchange were worth $450,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Atticus Wealth Management LLC raised its stake in shares of Intercontinental Exchange by 111.8% during the 2nd quarter. Atticus Wealth Management LLC now owns 288 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 152 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Intercontinental Exchange by 48.4% in 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 acquiring an additional 104 shares during the period. FinTrust Capital Advisors LLC raised its stake in Intercontinental Exchange by 119.3% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 364 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 198 shares during the period. O Dell Group LLC bought a new stake in Intercontinental Exchange in the 1st quarter valued at about $40,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Intercontinental Exchange by 280.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 312 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 230 shares during the period. 87.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the topic of a number of research reports. UBS Group lowered their price objective on Intercontinental Exchange from $128.00 to $116.00 and set a “buy” rating on the stock in a research note on Thursday, October 6th. Raymond James lowered their price objective on Intercontinental Exchange from $129.00 to $123.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 6th. Bank of America upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $116.00 to $132.00 in a research note on Thursday, November 17th. Rosenblatt Securities began coverage on Intercontinental Exchange in a report on Tuesday, August 16th. They set a “buy” rating and a $164.00 target price for the company. Finally, Citigroup began coverage on Intercontinental Exchange in a report on Tuesday, October 11th. They set a “neutral” rating and a $102.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $126.17.

Insider Transactions at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 87,377 shares of the business’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $94.95, for a total transaction of $8,296,446.15. Following the completion of the transaction, the chief executive officer now owns 1,255,207 shares of the company’s stock, valued at $119,181,904.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jeffrey C. Sprecher sold 87,377 shares of the business’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $94.95, for a total transaction of $8,296,446.15. Following the completion of the transaction, the chief executive officer now owns 1,255,207 shares of the company’s stock, valued at $119,181,904.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,500 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $107.00, for a total value of $267,500.00. Following the transaction, the general counsel now directly owns 42,007 shares of the company’s stock, valued at approximately $4,494,749. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,377 shares of company stock valued at $8,826,446. 1.30% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Up 0.9 %

Shares of NYSE ICE opened at $106.94 on Thursday. Intercontinental Exchange, Inc. has a 12 month low of $88.60 and a 12 month high of $138.46. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $59.73 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.82 and a beta of 0.89. The business has a 50-day moving average of $95.72 and a 200-day moving average of $98.45.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, December 14th. Intercontinental Exchange’s payout ratio is 33.70%.

Intercontinental Exchange Profile

(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.

See Also

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

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