Cambridge Trust Co. Buys 1,370 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Cambridge Trust Co. boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.0% during the 4th quarter, HoldingsChannel reports. The fund owned 136,898 shares of the financial services provider’s stock after acquiring an additional 1,370 shares during the quarter. Cambridge Trust Co.’s holdings in Intercontinental Exchange were worth $17,582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ICE. RB Capital Management LLC lifted its stake in Intercontinental Exchange by 3.2% in the 1st quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 126 shares in the last quarter. United Bank lifted its position in shares of Intercontinental Exchange by 2.7% in the first quarter. United Bank now owns 15,988 shares of the financial services provider’s stock worth $2,112,000 after purchasing an additional 422 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in Intercontinental Exchange by 13.5% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 220 shares during the last quarter. Sei Investments Co. grew its position in Intercontinental Exchange by 31.5% in the first quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock valued at $27,077,000 after purchasing an additional 49,081 shares in the last quarter. Finally, Prudential PLC acquired a new stake in Intercontinental Exchange in the 1st quarter valued at $1,679,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was bought at an average cost 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 in the company, valued at $6,504,420.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 cost of $0.87 per share, with a total value of $2,402,947.83. Following the acquisition, the insider now directly owns 7,476,345 shares in the company, valued at $6,504,420.15. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the sale, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The disclosure for this sale can be found here. Insiders sold 157,491 shares of company stock valued at $21,454,204 in the last quarter. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded down $0.14 on Thursday, hitting $130.60. The stock had a trading volume of 920,201 shares, compared to its average volume of 2,384,698. The stock has a market cap of $74.78 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 2.06 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month high of $140.43. The business’s 50 day moving average is $136.42 and its two-hundred day moving average is $124.22.

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

Intercontinental Exchange Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.45 dividend. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. This represents a $1.80 annualized dividend and a yield of 1.38%. Intercontinental Exchange’s payout ratio is 42.86%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Rosenblatt Securities increased their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a report on Friday, February 9th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $152.00 target price on shares of Intercontinental Exchange in a report on Thursday, April 4th. Finally, UBS Group lifted their price target on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.08.

Intercontinental Exchange 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.