Intercontinental Exchange, Inc. (NYSE:ICE) Major Shareholder Intercontinental Exchange, Inc Purchases 350,880 Shares

Intercontinental Exchange, Inc. (NYSE:ICE) major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were acquired at an average cost of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the transaction, the insider now directly owns 649,934 shares of the company’s stock, valued at $565,442.58. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Intercontinental Exchange, Inc also recently made the following trade(s):

• On Monday, March 4th, Intercontinental Exchange, Inc purchased 2,762,009 shares of Intercontinental Exchange stock. The shares were bought at an average cost of $0.87 per share, for a total transaction of $2,402,947.83.

Intercontinental Exchange Price Performance

ICE stock traded down $0.92 during mid-day trading on Monday, hitting $130.78. The company had a trading volume of 1,557,866 shares, compared to its average volume of 2,376,438. The company has a 50-day moving average price of $135.74 and a 200 day moving average price of $125.52. Intercontinental Exchange, Inc. has a 12-month low of $103.81 and a 12-month high of $140.43. The company has a market capitalization of $74.89 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 2.15 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 (NYSE:ICE) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.45 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change 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 1.38%. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.86%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ICE. Keefe, Bruyette & Woods restated an “outperform” rating and set a $152.00 price objective on shares of Intercontinental Exchange in a research report on Thursday, April 4th. Bank of America dropped their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Morgan Stanley upped 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 objective on Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, Citigroup lifted their target price on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

Institutional Investors Weigh In On Intercontinental Exchange

A number of hedge funds have recently bought and sold shares of ICE. OFI Invest Asset Management purchased a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $25,000. Scarborough Advisors LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $25,000. Annapolis Financial Services LLC boosted its stake in shares of Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares during the period. Jones Financial Companies Lllp bought a new position in Intercontinental Exchange during the 3rd quarter valued at about $26,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Intercontinental Exchange in the 1st quarter worth about $26,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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.