Alpine Woods Capital Investors LLC Sells 10,759 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

Alpine Woods Capital Investors LLC lessened its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 27.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,871 shares of the financial services provider's stock after selling 10,759 shares during the quarter. Intercontinental Exchange comprises 1.2% of Alpine Woods Capital Investors LLC's portfolio, making the stock its 25th biggest holding. Alpine Woods Capital Investors LLC's holdings in Intercontinental Exchange were worth $4,980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. REAP Financial Group LLC grew its holdings in Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock valued at $25,000 after buying an additional 91 shares in the last quarter. Tsfg LLC grew its holdings in Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock valued at $27,000 after buying an additional 103 shares in the last quarter. Menard Financial Group LLC purchased a new position in Intercontinental Exchange during the 4th quarter valued at approximately $29,000. Rakuten Securities Inc. grew its holdings in Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock valued at $29,000 after buying an additional 143 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in Intercontinental Exchange during the 1st quarter valued at approximately $31,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 0.8%

ICE traded down $1.37 during trading hours on Friday, reaching $180.45. 1,576,878 shares of the company's stock traded hands, compared to its average volume of 2,973,335. The firm has a 50-day moving average price of $178.47 and a 200 day moving average price of $167.60. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $183.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $103.51 billion, a PE ratio of 37.36, a PEG ratio of 1.99 and a beta of 1.11.

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 analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The company had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter in the previous year, the business earned $1.48 EPS. Intercontinental Exchange's revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict 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 was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.06%. Intercontinental Exchange's payout ratio is currently 39.75%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ICE. Morgan Stanley raised their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Barclays raised their price target on Intercontinental Exchange from $198.00 to $206.00 and gave the company an "overweight" rating in a report on Thursday. UBS Group lifted their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Bank of America dropped their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and an average price target of $192.58.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the completion of the sale, the chief executive officer directly owned 2,101,705 shares of the company's stock, valued at $376,667,570.10. The trade was a 6.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $418,170.00. Following the sale, the director directly owned 21,364 shares of the company's stock, valued at approximately $3,396,876. This trade represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 228,749 shares of company stock worth $40,942,387 over the last quarter. 1.00% of the stock is owned by insiders.

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.