Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lessened its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,643 shares of the financial services provider’s stock after selling 121 shares during the period. Institute for Wealth Management LLC.’s holdings in Intercontinental Exchange were worth $339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ICE. RB Capital Management LLC raised its position in shares of Intercontinental Exchange by 3.2% during the 1st quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 126 shares in the last quarter. United Bank raised its position in shares of Intercontinental Exchange by 2.7% during the 1st quarter. United Bank now owns 15,988 shares of the financial services provider’s stock worth $2,112,000 after acquiring an additional 422 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in shares of Intercontinental Exchange by 13.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 220 shares in the last quarter. Sei Investments Co. raised its position in shares of Intercontinental Exchange by 31.5% during the 1st quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock worth $27,077,000 after acquiring an additional 49,081 shares in the last quarter. Finally, Prudential PLC acquired a new stake in shares of Intercontinental Exchange during the 1st quarter worth about $1,679,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.2 %

NYSE:ICE opened at $131.21 on Friday. The firm has a market cap of $75.13 billion, a P/E ratio of 31.24, a PEG ratio of 2.08 and a beta of 1.02. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80. The stock’s 50 day simple moving average is $136.27 and its 200-day simple moving average is $124.54. Intercontinental Exchange, Inc. has a 12-month low of $103.81 and a 12-month high of $140.43.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.98 EPS for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.45 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. Intercontinental Exchange’s payout ratio is 42.86%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ICE. Bank of America cut their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday. Raymond James lifted their price target on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 5th. Morgan Stanley lifted their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. UBS Group lifted their price target on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $152.00 price target on shares of Intercontinental Exchange in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $148.08.

Insider Activity at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 2,176 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $136.00, for a total value of $295,936.00. Following the sale, the chief financial officer now directly owns 12,061 shares in the company, valued at $1,640,296. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,176 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $136.00, for a total transaction of $295,936.00. Following the sale, the chief financial officer now directly owns 12,061 shares in the company, valued at $1,640,296. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the transaction, the insider now owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The disclosure for this purchase can be found here. Insiders have sold a total of 157,491 shares of company stock worth $21,454,204 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.