5,637 Shares in Intercontinental Exchange Inc. (NYSE:ICE) Acquired by Oak Thistle LLC

Oak Thistle LLC acquired a new position in 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 and Exchange Commission (SEC). The institutional investor acquired 5,637 shares of the financial services provider's stock, valued at approximately $972,000.

A number of other large investors have also added to or reduced their stakes in ICE. REAP Financial Group LLC increased its holdings in shares of Intercontinental Exchange by 116.7% in the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after acquiring an additional 91 shares during the period. Tsfg LLC boosted its holdings in shares of Intercontinental Exchange by 187.3% in the first quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock worth $27,000 after buying an additional 103 shares during the period. Menard Financial Group LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth approximately $29,000. Rakuten Securities Inc. boosted its holdings in shares of Intercontinental Exchange by 595.8% during the first quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock worth $29,000 after purchasing an additional 143 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in Intercontinental Exchange in the first quarter valued at approximately $31,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $179.22, for a total value of $26,883,000.00. Following the transaction, the chief executive officer owned 2,101,705 shares in the company, valued at approximately $376,667,570.10. This trade represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James W. Namkung sold 612 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $180.00, for a total value of $110,160.00. Following the completion of the transaction, the chief accounting officer owned 13,220 shares in the company, valued at $2,379,600. The trade was a 4.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 226,119 shares of company stock worth $40,524,217. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Up 0.5%

NYSE ICE traded up $0.94 during trading hours on Friday, reaching $184.52. 2,588,779 shares of the company's stock were exchanged, compared to its average volume of 1,851,322. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $185.30. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00. The company's 50-day moving average is $179.80 and its two-hundred day moving average is $170.01. The company has a market capitalization of $105.84 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 EPS. On average, analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.04%. Intercontinental Exchange's dividend payout ratio is 39.75%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ICE. Bank of America reduced 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 note on Wednesday, April 2nd. UBS Group lifted their price target on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods upped their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Piper Sandler upped their price target on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley boosted their price objective on 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 ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and a consensus price target of $194.42.

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.