Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by WealthShield Partners LLC

WealthShield Partners LLC lifted its position in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 33.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,873 shares of the financial services provider’s stock after acquiring an additional 5,534 shares during the period. WealthShield Partners LLC’s holdings in Intercontinental Exchange were worth $2,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Intercontinental Exchange by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock worth $5,162,041,000 after purchasing an additional 1,012,034 shares during the period. Morgan Stanley grew its position in Intercontinental Exchange by 18.9% during the 4th quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider’s stock worth $2,606,466,000 after purchasing an additional 4,044,744 shares during the period. State Street Corp boosted its stake in shares of Intercontinental Exchange by 2.2% during the 2nd quarter. State Street Corp now owns 22,796,474 shares of the financial services provider’s stock worth $2,577,825,000 after acquiring an additional 480,742 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Intercontinental Exchange by 45.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,114,267 shares of the financial services provider’s stock worth $1,755,753,000 after acquiring an additional 5,354,161 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Intercontinental Exchange by 219.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after acquiring an additional 8,348,126 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $125.90, for a total transaction of $7,351,049.20. Following the transaction, the chief executive officer now directly owns 1,152,375 shares in the company, valued at $145,084,012.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $125.90, for a total transaction of $7,351,049.20. Following the transaction, the chief executive officer now directly owns 1,152,375 shares in the company, valued at $145,084,012.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Warren Gardiner sold 2,176 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $136.00, for a total transaction of $295,936.00. Following the transaction, the chief financial officer now owns 12,061 shares in the company, valued at $1,640,296. The disclosure for this sale can be found here. Insiders have sold a total of 157,491 shares of company stock worth $20,793,835 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ICE shares. JPMorgan Chase & Co. raised their price target on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Rosenblatt Securities raised their price target on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a research note on Friday, February 9th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. UBS Group raised their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Raymond James raised their price target on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, January 5th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.83.

View Our Latest Stock Report on ICE

Intercontinental Exchange Stock Down 0.5 %

Shares of Intercontinental Exchange stock traded down $0.75 during trading on Wednesday, hitting $136.75. 1,430,570 shares of the stock were exchanged, compared to its average volume of 2,386,674. The stock has a market cap of $78.31 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 2.44 and a beta of 1.02. The firm’s 50-day moving average price is $135.03 and its 200 day moving average price is $122.56. Intercontinental Exchange, Inc. has a 12-month low of $103.81 and a 12-month high of $140.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the previous year, the company earned $1.25 earnings per share. Intercontinental Exchange’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, analysts forecast that Intercontinental Exchange, Inc. will post 5.93 earnings per share for the current fiscal 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. 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 yield of 1.32%. Intercontinental Exchange’s payout ratio is currently 42.86%.

Intercontinental Exchange Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Intercontinental Exchange (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.