Cerity Partners LLC Has $43.48 Million Stake in Intercontinental Exchange Inc. (NYSE:ICE)

Cerity Partners LLC boosted its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 252,045 shares of the financial services provider's stock after acquiring an additional 7,568 shares during the quarter. Cerity Partners LLC's holdings in Intercontinental Exchange were worth $43,478,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC boosted its stake 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 valued at $74,000 after purchasing an additional 63 shares during the period. Values Added Financial LLC boosted its stake in Intercontinental Exchange by 4.4% during the 1st quarter. Values Added Financial LLC now owns 1,533 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 64 shares during the period. MV Capital Management Inc. boosted its stake in Intercontinental Exchange by 15.7% during the 1st quarter. MV Capital Management Inc. now owns 501 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 68 shares during the period. Johnson Investment Counsel Inc. boosted its stake in Intercontinental Exchange by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after purchasing an additional 71 shares during the period. Finally, Quadcap Wealth Management LLC raised 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 worth $918,000 after buying an additional 71 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Down 1.1%

Shares of Intercontinental Exchange stock traded down $2.02 on Tuesday, reaching $179.80. 1,512,988 shares of the company were exchanged, compared to its average volume of 2,959,765. The stock's 50 day moving average price is $178.63 and its 200-day moving average price is $168.06. The company has a market cap of $103.14 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 1.97 and a beta of 1.11. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $183.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. Intercontinental Exchange's revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.07%. Intercontinental Exchange's payout ratio is 39.75%.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research reports. UBS Group boosted their target price on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Piper Sandler lifted their target price on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a research report on Tuesday. Bank of America lowered their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Barclays boosted their price objective on shares of Intercontinental Exchange from $198.00 to $206.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research 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. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus price target of $194.42.

Insider Buying and Selling

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $177.48, for a total transaction of $283,968.00. Following the completion of the transaction, the senior vice president owned 27,313 shares in the company, valued at approximately $4,847,511.24. The trade was a 5.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sharon Bowen sold 795 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $183.30, for a total value of $145,723.50. Following the sale, the director directly owned 15,000 shares of the company's stock, valued at $2,749,500. This trade represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 228,749 shares of company stock worth $40,942,387. 1.00% of the stock is currently owned by insiders.

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.