Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its position in Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 280.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 312 shares of the financial services provider’s stock after buying an additional 230 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Intercontinental Exchange were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Intercontinental Exchange by 13.0% during the fourth quarter. BlackRock Inc. now owns 46,929,022 shares of the financial services provider’s stock valued at $6,418,482,000 after purchasing an additional 5,408,445 shares during the last quarter. State Street Corp lifted its holdings in shares of Intercontinental Exchange by 3.3% during the fourth quarter. State Street Corp now owns 25,791,770 shares of the financial services provider’s stock valued at $3,527,540,000 after purchasing an additional 819,503 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Intercontinental Exchange by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 9,503,613 shares of the financial services provider’s stock valued at $1,296,309,000 after purchasing an additional 290,045 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Intercontinental Exchange by 9.1% during the fourth quarter. Mawer Investment Management Ltd. now owns 7,023,121 shares of the financial services provider’s stock valued at $960,552,000 after purchasing an additional 586,512 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $690,223,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $100.40 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $56.05 billion, a P/E ratio of 13.94, a PEG ratio of 2.61 and a beta of 0.90. The stock’s 50-day moving average is $97.49 and its two-hundred day moving average is $113.77. Intercontinental Exchange, Inc. has a fifty-two week low of $90.05 and a fifty-two week high of $139.79.

Intercontinental Exchange (NYSE:ICEGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. Intercontinental Exchange had a return on equity of 13.41% and a net margin of 44.24%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 EPS. Analysts predict that Intercontinental Exchange, Inc. will post 5.36 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Tuesday, June 14th. Intercontinental Exchange’s dividend payout ratio is 21.11%.

Insider Activity

In other news, CEO Jeffrey C. Sprecher sold 83,621 shares of the stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $98.97, for a total transaction of $8,275,970.37. Following the transaction, the chief executive officer now owns 1,277,280 shares of the company’s stock, valued at approximately $126,412,401.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jeffrey C. Sprecher sold 83,621 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $98.97, for a total transaction of $8,275,970.37. Following the completion of the sale, the chief executive officer now owns 1,277,280 shares in the company, valued at approximately $126,412,401.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Douglas Foley sold 1,600 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $99.08, for a total value of $158,528.00. Following the sale, the senior vice president now owns 24,002 shares of the company’s stock, valued at approximately $2,378,118.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,296 shares of company stock valued at $8,537,490. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the subject of several analyst reports. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Keefe, Bruyette & Woods lowered Intercontinental Exchange from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $83.00 to $80.00 in a research report on Monday, May 9th. Morgan Stanley upped their price target on Intercontinental Exchange from $145.00 to $147.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 13th. Jefferies Financial Group dropped their price target on Intercontinental Exchange from $161.00 to $134.00 in a research report on Friday, May 20th. Finally, Raymond James dropped their price target on Intercontinental Exchange from $142.00 to $126.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Intercontinental Exchange Company 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.

Featured Stories

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:ICEGet Rating).

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

Want More Great Investing Ideas?

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.