Rockland Trust Co. Has $19.07 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Rockland Trust Co. lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,521 shares of the financial services provider's stock after buying an additional 2,683 shares during the quarter. Rockland Trust Co.'s holdings in Intercontinental Exchange were worth $19,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at $25,000. REAP Financial Group LLC lifted its position 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 valued at $25,000 after purchasing an additional 91 shares during the period. Menard Financial Group LLC acquired a new position in Intercontinental Exchange during the 4th quarter valued at about $29,000. Redwood Park Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $33,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Bank of America reduced their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Barclays upped their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.46.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the transaction, the director now directly owns 21,364 shares of the company's stock, valued at approximately $3,396,876. This trade represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $179.12, for a total value of $689,253.76. Following the sale, the general counsel now directly owns 48,480 shares in the company, valued at $8,683,737.60. This represents a 7.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 227,954 shares of company stock valued at $40,796,663 in the last quarter. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Down 0.4%

Shares of NYSE ICE traded down $0.78 during mid-day trading on Friday, hitting $178.30. The company had a trading volume of 2,500,290 shares, compared to its average volume of 3,014,140. 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 firm has a 50-day simple moving average of $169.77 and a two-hundred day simple moving average of $163.92. The company has a market capitalization of $102.28 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a one year low of $133.97 and a one year high of $180.89.

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 the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.08%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

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.