Teachers Retirement System of The State of Kentucky bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 53,111 shares of the financial services provider’s stock, valued at approximately $4,799,000.
A number of other institutional investors have also recently modified their holdings of the stock. Inspire Investing LLC grew its stake in shares of Intercontinental Exchange by 2.4% in the third quarter. Inspire Investing LLC now owns 4,414 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 104 shares during the last quarter. Community Bank & Trust Waco Texas boosted its position in shares of Intercontinental Exchange by 0.5% during the third quarter. Community Bank & Trust Waco Texas now owns 23,807 shares of the financial services provider’s stock valued at $2,151,000 after buying an additional 110 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Intercontinental Exchange by 5.4% during the third quarter. Benjamin Edwards Inc. now owns 2,166 shares of the financial services provider’s stock valued at $196,000 after buying an additional 111 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Intercontinental Exchange by 3.7% during the third quarter. Brighton Jones LLC now owns 3,308 shares of the financial services provider’s stock valued at $299,000 after buying an additional 119 shares during the last quarter. Finally, Evoke Wealth LLC boosted its position in shares of Intercontinental Exchange by 53.8% during the third quarter. Evoke Wealth LLC now owns 346 shares of the financial services provider’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently commented on ICE. Raymond James dropped their price objective on Intercontinental Exchange from $130.00 to $126.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 3rd. StockNews.com began coverage on Intercontinental Exchange in a research report on Thursday. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on Intercontinental Exchange from $134.00 to $131.00 in a research report on Wednesday, January 11th. Keefe, Bruyette & Woods lowered their target price on Intercontinental Exchange from $125.00 to $122.00 and set a “market perform” rating on the stock in a report on Wednesday, March 1st. Finally, TheStreet raised Intercontinental Exchange from a “c+” rating to a “b-” rating in a report on Wednesday, January 25th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given 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 price target of $129.91.
Insider Transactions at Intercontinental Exchange
Intercontinental Exchange Stock Down 2.2 %
NYSE ICE opened at $97.00 on Friday. The stock’s 50-day moving average price is $105.23 and its 200-day moving average price is $101.44. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.80. Intercontinental Exchange, Inc. has a 52 week low of $88.60 and a 52 week high of $137.40. The company has a market capitalization of $54.21 billion, a P/E ratio of 37.74, a price-to-earnings-growth ratio of 3.35 and a beta of 0.92.
Intercontinental Exchange (NYSE:ICE – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The financial services provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). Intercontinental Exchange had a return on equity of 13.11% and a net margin of 15.01%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the business earned $1.34 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 5.4 earnings per share for the current year.
Intercontinental Exchange Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be paid a $0.42 dividend. The ex-dividend date is Thursday, March 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.73%. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.38. Intercontinental Exchange’s dividend payout ratio (DPR) is 59.14%.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc engages in the provision of market infrastructure, data services and technology solutions. It operates through the following segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment includes trading and listing revenue from the global futures network, the New York Stock Exchange and other registered securities exchanges.
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