Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by First Financial Corp IN

First Financial Corp IN boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1,099.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,014 shares of the financial services provider's stock after purchasing an additional 4,596 shares during the quarter. First Financial Corp IN's holdings in Intercontinental Exchange were worth $865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ICE. Norges Bank acquired a new position in Intercontinental Exchange during the 4th quarter valued at approximately $1,196,258,000. Royal Bank of Canada increased its position in shares of Intercontinental Exchange by 132.9% in the 4th quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock valued at $1,359,173,000 after acquiring an additional 5,204,309 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Intercontinental Exchange by 423.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider's stock worth $677,465,000 after acquiring an additional 3,678,384 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Intercontinental Exchange during the 4th quarter worth about $406,728,000. Finally, GAMMA Investing LLC grew its stake in Intercontinental Exchange by 24,394.4% during the 1st quarter. GAMMA Investing LLC now owns 2,264,753 shares of the financial services provider's stock valued at $3,906,700,000 after purchasing an additional 2,255,507 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Activity

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 397 shares of Intercontinental Exchange 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 completion of the sale, the director now directly owns 4,526 shares in the company, valued at $801,599.86. This trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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

ICE stock traded down $0.05 during midday trading on Wednesday, reaching $179.29. The stock had a trading volume of 1,869,923 shares, compared to its average volume of 3,011,863. Intercontinental Exchange, Inc. has a 52-week low of $132.91 and a 52-week high of $180.89. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company's fifty day simple moving average is $168.24 and its 200 day simple moving average is $163.00. The company has a market cap of $102.85 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 earnings per share. As a group, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America decreased 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. Barclays increased their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. UBS Group increased their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $188.46.

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.