Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 533,959 shares of the financial services provider's stock after acquiring an additional 3,443 shares during the quarter. Baird Financial Group Inc. owned 0.09% of Intercontinental Exchange worth $79,565,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter worth approximately $25,000. Redwood Park Advisors LLC purchased a new position in Intercontinental Exchange in the 4th quarter valued at $33,000. Lee Danner & Bass Inc. acquired a new stake in Intercontinental Exchange during the 4th quarter worth $34,000. BankPlus Trust Department purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth $40,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Up 0.7 %

NYSE ICE traded up $1.25 on Wednesday, reaching $176.44. The stock had a trading volume of 1,955,138 shares, compared to its average volume of 2,928,729. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $166.69 and a two-hundred day moving average price of $160.84. Intercontinental Exchange, Inc. has a 12-month low of $131.79 and a 12-month high of $178.19. The firm has a market capitalization of $101.37 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.09%. Intercontinental Exchange's payout ratio is 39.75%.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 17,104 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now directly owns 155,174 shares of the company's stock, valued at $25,855,091.88. The trade was a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the sale, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,931 shares of company stock worth $10,492,868. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

ICE has been the subject of several research reports. Bank of America dropped their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Barclays increased their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $185.93.

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.