Intercontinental Exchange Inc. (NYSE:ICE) Position Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,169 shares of the financial services provider's stock after acquiring an additional 3,760 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Intercontinental Exchange were worth $6,067,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. REAP Financial Group LLC increased its position in shares of Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 91 shares during the period. Menard Financial Group LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth $29,000. Redwood Park Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth $33,000. Lee Danner & Bass Inc. acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth $34,000. Finally, BankPlus Trust Department acquired a new stake in shares of Intercontinental Exchange in the fourth quarter worth $40,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the completion of the transaction, the chief executive officer now owns 2,101,705 shares in the company, valued at approximately $376,667,570.10. This represents a 6.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Douglas Foley sold 1,600 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $177.48, for a total value of $283,968.00. Following the transaction, the senior vice president now owns 27,313 shares of the company's stock, valued at approximately $4,847,511.24. This trade represents a 5.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 227,954 shares of company stock worth $40,796,663 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ICE shares. Bank of America reduced their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley boosted their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Barclays boosted their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $188.46.

Intercontinental Exchange Stock Up 0.6%

NYSE:ICE opened at $180.85 on Wednesday. The stock's fifty day moving average price is $173.59 and its two-hundred day moving average price is $165.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $103.74 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 1.94 and a beta of 1.12. Intercontinental Exchange Inc. has a 52-week low of $136.21 and a 52-week high of $181.65.

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, beating analysts' consensus estimates of $1.70 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.48 EPS. On average, analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.06%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

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.

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