2,420 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Breakwater Capital Group

Breakwater Capital Group bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,420 shares of the financial services provider's stock, valued at approximately $417,000.

Other institutional investors have also recently bought and sold shares of the company. Retireful LLC bought a new stake in Intercontinental Exchange in the first quarter valued at $524,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Intercontinental Exchange by 32.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,781 shares of the financial services provider's stock valued at $2,377,000 after buying an additional 3,400 shares in the last quarter. Secure Asset Management LLC purchased a new stake in shares of Intercontinental Exchange during the 1st quarter valued at approximately $1,989,000. Iams Wealth Management LLC bought a new stake in Intercontinental Exchange during the first quarter valued at $552,000. Finally, Heritage Family Offices LLP lifted its position in Intercontinental Exchange by 10.5% during the first quarter. Heritage Family Offices LLP now owns 12,923 shares of the financial services provider's stock valued at $2,229,000 after purchasing an additional 1,233 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Andrew J. Surdykowski sold 3,848 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $179.12, for a total value of $689,253.76. Following the sale, the general counsel now directly owns 48,480 shares in the company, valued at $8,683,737.60. This represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, 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. Insiders sold 226,354 shares of company stock valued at $40,512,695 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Up 0.1%

Shares of ICE stock traded up $0.14 on Friday, reaching $178.70. 3,245,175 shares of the stock were exchanged, compared to its average volume of 3,023,695. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The business's 50 day moving average price is $168.45 and its 200 day moving average price is $163.26. The company has a market capitalization of $102.51 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a twelve month low of $132.93 and a twelve month high of $180.89.

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

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Wall Street Analysts Forecast Growth

ICE has been the topic of several recent research reports. Bank of America reduced their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Barclays raised their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. UBS Group raised their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus target price of $188.46.

Intercontinental Exchange Company 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.