1,775 Shares in Intercontinental Exchange Inc. (NYSE:ICE) Bought by Congress Park Capital LLC

Congress Park Capital LLC acquired a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,775 shares of the financial services provider's stock, valued at approximately $306,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. GPS Wealth Strategies Group LLC raised its position in Intercontinental Exchange by 17.2% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider's stock worth $74,000 after purchasing an additional 63 shares during the last quarter. MV Capital Management Inc. grew its stake in shares of Intercontinental Exchange by 15.7% in the 1st quarter. MV Capital Management Inc. now owns 501 shares of the financial services provider's stock valued at $86,000 after buying an additional 68 shares during the period. Johnson Investment Counsel Inc. grew its stake in shares of Intercontinental Exchange by 2.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after buying an additional 71 shares during the period. Quadcap Wealth Management LLC grew its stake in shares of Intercontinental Exchange by 1.2% in the 4th quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock valued at $918,000 after buying an additional 71 shares during the period. Finally, Colonial Trust Co SC boosted its stake in Intercontinental Exchange by 11.7% during the 4th quarter. Colonial Trust Co SC now owns 687 shares of the financial services provider's stock valued at $102,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now owns 21,364 shares of the company's stock, valued at $3,396,876. The trade was a 10.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 552 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $174.52, for a total value of $96,335.04. Following the transaction, the insider now owns 15,658 shares in the company, valued at $2,732,634.16. This trade represents a 3.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,954 shares of company stock worth $40,796,663 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ICE shares. Barclays upped their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Bank of America cut their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley upped their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $188.46.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE traded up $1.40 during trading hours on Monday, reaching $179.83. The stock had a trading volume of 2,017,355 shares, compared to its average volume of 3,011,946. The business's fifty day moving average is $173.17 and its two-hundred day moving average is $165.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $103.16 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.93 and a beta of 1.12. Intercontinental Exchange Inc. has a twelve month low of $136.21 and a twelve month high of $181.65.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 earnings per share. As a group, research analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

About Intercontinental Exchange

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.