Advanced Research Investment Solutions LLC Has $30,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Advanced Research Investment Solutions LLC decreased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 34.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 226 shares of the financial services provider’s stock after selling 118 shares during the period. Advanced Research Investment Solutions LLC’s holdings in Intercontinental Exchange were worth $30,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Qube Research & Technologies Ltd lifted its holdings in Intercontinental Exchange by 1,689.2% during the 4th quarter. Qube Research & Technologies Ltd now owns 144,676 shares of the financial services provider’s stock worth $19,787,000 after buying an additional 136,590 shares in the last quarter. Sigma Planning Corp lifted its position in Intercontinental Exchange by 7.2% during the fourth quarter. Sigma Planning Corp now owns 2,061 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 139 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Intercontinental Exchange during the fourth quarter worth approximately $244,000. Los Angeles Capital Management LLC lifted its position in Intercontinental Exchange by 694.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 25,570 shares of the financial services provider’s stock worth $3,497,000 after acquiring an additional 22,350 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in Intercontinental Exchange by 8.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 86,111 shares of the financial services provider’s stock worth $11,754,000 after acquiring an additional 6,972 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Intercontinental Exchange Stock Up 0.0 %

NYSE ICE traded up $0.03 during trading hours on Monday, reaching $109.71. 125,731 shares of the company’s stock traded hands, compared to its average volume of 3,093,955. The firm has a 50-day simple moving average of $98.27 and a 200 day simple moving average of $112.53. Intercontinental Exchange, Inc. has a 52-week low of $90.05 and a 52-week high of $139.79. The firm has a market cap of $61.27 billion, a PE ratio of 18.37, a PEG ratio of 3.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.04 and a quick ratio of 1.04.

Intercontinental Exchange (NYSE:ICEGet Rating) last released its quarterly earnings results on Thursday, August 4th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.01. Intercontinental Exchange had a net margin of 35.58% and a return on equity of 13.52%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. Intercontinental Exchange’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 5.38 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, September 15th. Intercontinental Exchange’s dividend payout ratio (DPR) is 25.46%.

Insider Transactions at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 83,621 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $98.97, for a total value of $8,275,970.37. Following the transaction, the chief executive officer now directly owns 1,277,280 shares in the company, valued at $126,412,401.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $99.08, for a total transaction of $158,528.00. Following the completion of the transaction, the senior vice president now directly owns 24,002 shares of the company’s stock, valued at $2,378,118.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey C. Sprecher sold 83,621 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $98.97, for a total value of $8,275,970.37. Following the sale, the chief executive officer now owns 1,277,280 shares of the company’s stock, valued at approximately $126,412,401.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,296 shares of company stock worth $8,537,490. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods downgraded 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 report on Monday, May 9th. Jefferies Financial Group dropped their price target on shares of Intercontinental Exchange from $161.00 to $134.00 in a research report on Friday, May 20th. Raymond James dropped their price target on shares of Intercontinental Exchange from $142.00 to $126.00 and set a “strong-buy” rating for the company in a research report on Wednesday, June 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intercontinental Exchange from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Friday. Finally, StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $136.55.

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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