Bank Pictet & Cie Europe AG reduced its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,871 shares of the financial services provider's stock after selling 1,894 shares during the period. Bank Pictet & Cie Europe AG's holdings in Intercontinental Exchange were worth $9,120,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. GPS Wealth Strategies Group LLC grew its stake in Intercontinental Exchange by 17.2% during the first 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 period. Strategic Advisors LLC boosted its holdings in shares of Intercontinental Exchange by 5.1% during the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock worth $201,000 after buying an additional 66 shares in the last quarter. MV Capital Management Inc. grew its position in shares of Intercontinental Exchange by 15.7% during the 1st quarter. MV Capital Management Inc. now owns 501 shares of the financial services provider's stock worth $86,000 after buying an additional 68 shares during the period. Johnson Investment Counsel Inc. increased 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 acquiring an additional 71 shares in the last quarter. Finally, Quadcap Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 1.2% during the 4th quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock valued at $918,000 after acquiring an additional 71 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Martha A. Tirinnanzi sold 397 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $177.11, for a total transaction of $70,312.67. Following the sale, the director now owns 4,526 shares of the company's stock, valued at $801,599.86. This trade represents a 8.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the sale, the chief executive officer now directly owns 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 227,954 shares of company stock worth $40,796,663. 1.00% of the stock is currently owned by corporate insiders.
Intercontinental Exchange Stock Performance
NYSE ICE traded up $1.23 during trading on Monday, hitting $179.67. 2,150,687 shares of the company's stock traded hands, compared to its average volume of 3,016,682. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $103.06 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 12-month low of $133.97 and a 12-month high of $181.80. The business has a 50 day moving average of $170.32 and a 200-day moving average of $164.08.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released 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 12.95% and a net margin of 23.42%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the company posted $1.48 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.
Intercontinental Exchange Announces Dividend
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 paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio is presently 39.75%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ICE. Keefe, Bruyette & Woods lifted their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Bank of America dropped their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley lifted their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Barclays increased their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $188.46.
View Our Latest Stock Report on Intercontinental Exchange
About Intercontinental Exchange
(
Free Report)
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.
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