Czech National Bank Buys 7,475 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Czech National Bank raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,968 shares of the financial services provider's stock after purchasing an additional 7,475 shares during the period. Czech National Bank's holdings in Intercontinental Exchange were worth $22,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Strategic Advisors LLC increased its stake in Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock valued at $201,000 after purchasing an additional 66 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in Intercontinental Exchange by 2.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock worth $465,000 after purchasing an additional 71 shares in the last quarter. Quadcap Wealth Management LLC boosted its stake in shares of Intercontinental Exchange by 1.2% in the fourth quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock valued at $918,000 after buying an additional 71 shares in the last quarter. Colonial Trust Co SC grew its stake in shares of Intercontinental Exchange by 11.7% during the 4th quarter. Colonial Trust Co SC now owns 687 shares of the financial services provider's stock worth $102,000 after purchasing an additional 72 shares during the period. Finally, Sprott Inc. increased its holdings in Intercontinental Exchange by 2.4% in the fourth quarter. Sprott Inc. now owns 3,085 shares of the financial services provider's stock valued at $460,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group increased their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Morgan Stanley boosted their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Keefe, Bruyette & Woods increased their price target on 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 reduced their target price 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. Finally, Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $188.46.

Insider Buying and Selling at Intercontinental Exchange

In related news, CAO James W. Namkung sold 612 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $180.00, for a total value of $110,160.00. Following the sale, the chief accounting officer now directly owns 13,220 shares in the company, valued at $2,379,600. This trade represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Martha A. Tirinnanzi sold 397 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $177.11, for a total transaction of $70,312.67. Following the completion of the sale, the director now directly owns 4,526 shares of the company's stock, valued at $801,599.86. The trade was a 8.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,191 shares of company stock valued at $694,978. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded down $0.11 on Thursday, reaching $179.02. The company's stock had a trading volume of 850,868 shares, compared to its average volume of 3,237,513. The business's fifty day moving average price is $168.33 and its 200 day moving average price is $163.12. 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 company has a market cap of $102.69 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a twelve month low of $132.93 and a twelve month high of $180.89.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

About Intercontinental Exchange

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.