Motley Fool Asset Management LLC Grows Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Motley Fool Asset Management LLC increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,468 shares of the financial services provider’s stock after buying an additional 351 shares during the period. Motley Fool Asset Management LLC’s holdings in Intercontinental Exchange were worth $1,979,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. EagleClaw Capital Managment LLC increased its holdings in Intercontinental Exchange by 2.7% in the third quarter. EagleClaw Capital Managment LLC now owns 54,985 shares of the financial services provider’s stock valued at $6,299,000 after buying an additional 1,425 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $200,000. Pictet North America Advisors SA increased its stake in Intercontinental Exchange by 7.9% in the third quarter. Pictet North America Advisors SA now owns 11,875 shares of the financial services provider’s stock valued at $1,363,000 after purchasing an additional 870 shares during the last quarter. Creative Planning increased its stake in Intercontinental Exchange by 1.8% in the third quarter. Creative Planning now owns 20,135 shares of the financial services provider’s stock valued at $2,312,000 after purchasing an additional 356 shares during the last quarter. Finally, ARGI Investment Services LLC purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Shares of Intercontinental Exchange stock traded up $0.61 during trading hours on Tuesday, reaching $97.92. The stock had a trading volume of 46,999 shares, compared to its average volume of 4,460,755. The firm has a 50 day simple moving average of $122.23 and a two-hundred day simple moving average of $127.95. The firm has a market capitalization of $54.67 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 1.92 and a beta of 0.88. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.55. Intercontinental Exchange, Inc. has a 1 year low of $93.52 and a 1 year high of $139.79.

Intercontinental Exchange (NYSE:ICEGet Rating) last issued its earnings results 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. Intercontinental Exchange had a net margin of 44.24% and a return on equity of 13.41%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the firm posted $1.34 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 5.52 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.55%. Intercontinental Exchange’s payout ratio is currently 21.11%.

In other news, insider Lynn C. Martin sold 5,471 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $120.95, for a total value of $661,717.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $123.11, for a total value of $1,231,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,075 shares of company stock worth $9,882,941. Company insiders own 1.30% of the company’s stock.

Several brokerages have commented on ICE. Keefe, Bruyette & Woods lowered shares of 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 note on Monday, May 9th. Credit Suisse Group started coverage on Intercontinental Exchange in a report on Tuesday, February 15th. They set an “outperform” rating and a $160.00 price objective on the stock. Rosenblatt Securities dropped their price objective on Intercontinental Exchange from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. UBS Group dropped their price objective on Intercontinental Exchange from $164.00 to $149.00 in a report on Friday, February 4th. Finally, StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $146.55.

About Intercontinental Exchange (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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