Harel Insurance Investments & Financial Services Ltd. Purchases 1,739 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,237 shares of the financial services provider's stock after purchasing an additional 1,739 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Intercontinental Exchange were worth $29,021,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ICE. REAP Financial Group LLC increased its stake in Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Tsfg LLC increased its stake in Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock worth $27,000 after purchasing an additional 103 shares in the last quarter. Menard Financial Group LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $29,000. Rakuten Securities Inc. grew its stake in shares of Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock worth $29,000 after acquiring an additional 143 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of Intercontinental Exchange during the 1st quarter worth approximately $31,000. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the subject of several research reports. Keefe, Bruyette & Woods raised their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Morgan Stanley raised their price target 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. Bank of America decreased their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Barclays raised their target price 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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $188.46.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded up $1.37 during midday trading on Friday, reaching $183.11. The company's stock had a trading volume of 1,082,826 shares, compared to its average volume of 2,989,912. Intercontinental Exchange Inc. has a 52 week low of $139.61 and a 52 week high of $183.76. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $177.16 and a 200-day moving average price of $166.50. The stock has a market cap of $105.04 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 earnings per share. On average, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.05%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 39.75%.

Insider Activity at Intercontinental Exchange

In related news, CAO James W. Namkung sold 612 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $180.00, for a total value of $110,160.00. Following the sale, the chief accounting officer directly owned 13,220 shares in the company, valued at $2,379,600. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 2,101,705 shares in the company, valued at $376,667,570.10. The trade was a 6.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 228,749 shares of company stock valued at $40,942,387. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange 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.