Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 1.2% during the second quarter, HoldingsChannel reports. The firm owned 86,612 shares of the financial services provider’s stock after purchasing an additional 999 shares during the quarter. State of Alaska Department of Revenue’s holdings in Intercontinental Exchange were worth $8,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Benjamin Edwards Inc. increased its stake in Intercontinental Exchange by 5.6% during the 1st quarter. Benjamin Edwards Inc. now owns 1,703 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 90 shares in the last quarter. Leuthold Group LLC boosted its holdings in shares of Intercontinental Exchange by 0.3% in the 1st quarter. Leuthold Group LLC now owns 31,367 shares of the financial services provider’s stock valued at $4,144,000 after acquiring an additional 92 shares during the last quarter. Oak Asset Management LLC boosted its holdings in shares of Intercontinental Exchange by 0.5% in the 1st quarter. Oak Asset Management LLC now owns 20,176 shares of the financial services provider’s stock valued at $2,666,000 after acquiring an additional 95 shares during the last quarter. Glassman Wealth Services boosted its holdings in shares of Intercontinental Exchange by 11.8% in the 4th quarter. Glassman Wealth Services now owns 909 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 96 shares during the last quarter. Finally, Executive Wealth Management LLC boosted its holdings in shares of Intercontinental Exchange by 0.9% in the 1st quarter. Executive Wealth Management LLC now owns 10,861 shares of the financial services provider’s stock valued at $1,434,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 87.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ICE. Atlantic Securities upped their price objective on shares of Intercontinental Exchange from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Argus dropped their price objective on shares of Intercontinental Exchange from $148.00 to $138.00 in a report on Wednesday, June 1st. Rosenblatt Securities began coverage on shares of Intercontinental Exchange in a report on Tuesday, August 16th. They issued a “buy” rating and a $164.00 price objective on the stock. Raymond James dropped their price objective on shares of Intercontinental Exchange from $142.00 to $126.00 and set a “strong-buy” rating on the stock in a report on Wednesday, June 22nd. Finally, UBS Group dropped their price objective on shares of Intercontinental Exchange from $134.00 to $126.00 in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $136.75.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $97.27 on Monday. The company’s fifty day moving average price is $102.18 and its 200 day moving average price is $108.71. Intercontinental Exchange, Inc. has a 1 year low of $90.05 and a 1 year high of $139.79. The company has a market capitalization of $54.32 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 3.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.04 and a current ratio of 1.04.

Intercontinental Exchange (NYSE:ICEGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The financial services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.01. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Intercontinental Exchange had a net margin of 35.58% and a return on equity of 13.52%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share. On average, research analysts predict that Intercontinental Exchange, Inc. will post 5.36 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, September 15th. Intercontinental Exchange’s dividend payout ratio is presently 25.46%.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $107.73, for a total transaction of $172,368.00. Following the completion of the transaction, the senior vice president now directly owns 22,402 shares in the company, valued at $2,413,367.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $107.73, for a total transaction of $172,368.00. Following the completion of the transaction, the senior vice president now directly owns 22,402 shares in the company, valued at $2,413,367.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,500 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $107.00, for a total transaction of $267,500.00. Following the transaction, the general counsel now owns 42,007 shares of the company’s stock, valued at $4,494,749. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

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.

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

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