Intercontinental Exchange Inc. (NYSE:ICE) is Chicago Capital LLC's 8th Largest Position

Chicago Capital LLC increased its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,924 shares of the financial services provider's stock after acquiring an additional 4,106 shares during the quarter. Intercontinental Exchange comprises about 2.8% of Chicago Capital LLC's investment portfolio, making the stock its 8th biggest holding. Chicago Capital LLC owned about 0.10% of Intercontinental Exchange worth $98,657,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ICE. GPS Wealth Strategies Group LLC lifted its stake in Intercontinental Exchange by 17.2% in 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 last quarter. Strategic Advisors LLC lifted its stake 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 acquiring an additional 66 shares during the last quarter. MV Capital Management Inc. lifted its stake 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 acquiring an additional 68 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings 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 acquiring an additional 71 shares during the period. Finally, Quadcap Wealth Management LLC grew its position in Intercontinental Exchange by 1.2% in 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 last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ICE has been the subject of several research analyst reports. 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 research report on Friday, May 2nd. Bank of America decreased their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Morgan Stanley upped their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Finally, Barclays lifted their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $188.46.

Intercontinental Exchange Stock Down 0.7%

Shares of NYSE ICE traded down $1.20 during midday trading on Wednesday, reaching $179.79. 346,330 shares of the company's stock traded hands, compared to its average volume of 3,169,131. The company has a market cap of $103.13 billion, a price-to-earnings ratio of 37.22, a P/E/G ratio of 1.95 and a beta of 1.12. Intercontinental Exchange Inc. has a one year low of $134.78 and a one year high of $181.65. 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 stock's 50 day simple moving average is $171.38 and its 200-day simple moving average is $164.33.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data 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. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The firm 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 business posted $1.48 EPS. The firm's quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

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

Insider Activity

In related news, Director Martha A. Tirinnanzi sold 397 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $177.11, for a total transaction of $70,312.67. Following the transaction, the director now directly owns 4,526 shares in the company, valued at $801,599.86. The trade was a 8.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 value of $26,883,000.00. Following the transaction, the chief executive officer now directly owns 2,101,705 shares in the company, valued at $376,667,570.10. This represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 227,954 shares of company stock worth $40,796,663. Corporate insiders own 1.00% of the company's stock.

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.