Blair William & Co. IL boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,815,688 shares of the financial services provider’s stock after buying an additional 14,067 shares during the quarter. Intercontinental Exchange makes up approximately 0.7% of Blair William & Co. IL’s portfolio, making the stock its 26th biggest position. Blair William & Co. IL’s holdings in Intercontinental Exchange were worth $215,522,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Alpha Paradigm Partners LLC purchased a new position in Intercontinental Exchange in the 1st quarter worth $26,000. WASHINGTON TRUST Co increased its stake in Intercontinental Exchange by 100.0% in the 2nd quarter. WASHINGTON TRUST Co now owns 230 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 115 shares during the period. Red Door Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $31,000. RE Advisers Corp purchased a new position in shares of Intercontinental Exchange in the second quarter worth $31,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Intercontinental Exchange by 65.6% in the first quarter. Hexagon Capital Partners LLC now owns 308 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 122 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on ICE. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $122.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, August 2nd. The Goldman Sachs Group upgraded Intercontinental Exchange from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, June 23rd. Raymond James increased their price objective on Intercontinental Exchange from $136.00 to $140.00 and gave the stock a “strong-buy” rating in a report on Friday, July 30th. Finally, Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating and set a $126.00 target price on the stock. in a research report on Friday, September 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Buy” and an average target price of $128.40.
Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, July 29th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.16. Intercontinental Exchange had a net margin of 32.25% and a return on equity of 13.16%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 4.88 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Thursday, September 16th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, September 15th. This represents a $1.32 annualized dividend and a dividend yield of 1.11%. Intercontinental Exchange’s payout ratio is 29.27%.
In other news, CEO Jeffrey C. Sprecher sold 109,037 shares of the business’s stock in a transaction on Wednesday, September 22nd. The shares were sold at an average price of $117.03, for a total transaction of $12,760,600.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark Wassersug sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $120.22, for a total value of $240,440.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,682 shares of company stock worth $13,674,010. Company insiders own 1.30% of the company’s stock.
Intercontinental Exchange Profile
Intercontinental Exchange, Inc engages in the management of online marketplace. It operates through the following segments: Exchanges; Fixed Income and Data Services; and Mortgage Technology. The company was founded by Jeffrey C. Sprecher in May 2000 and is headquartered in Atlanta, GA.
Featured Story: Why are percentage gainers important?
Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange, Inc. (NYSE:ICE).
Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.