Intercontinental Exchange Inc. (NYSE:ICE) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 7.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 831,312 shares of the financial services provider's stock after purchasing an additional 58,924 shares during the period. Allspring Global Investments Holdings LLC owned 0.14% of Intercontinental Exchange worth $142,562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ICE. REAP Financial Group LLC raised its holdings in shares of Intercontinental Exchange by 116.7% during the fourth 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 during the period. Menard Financial Group LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $29,000. Rakuten Securities Inc. increased its holdings in shares of Intercontinental Exchange by 595.8% in 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 during the period. Global Trust Asset Management LLC acquired a new stake in shares of Intercontinental Exchange in the 1st quarter worth about $31,000. Finally, Redwood Park Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $33,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $181.74 on Friday. Intercontinental Exchange Inc. has a twelve month low of $136.21 and a twelve month high of $182.61. 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 company has a 50-day moving average of $174.95 and a 200-day moving average of $165.57. The firm has a market cap of $104.25 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the firm posted $1.48 EPS. The business's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently weighed in on ICE. 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 report on Friday, May 2nd. Morgan Stanley increased their price objective on shares of 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 target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Bank of America decreased their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $188.46.

Insiders Place Their Bets

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares in the company, valued at $3,396,876. This trade represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher Scott Edmonds sold 552 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $174.52, for a total transaction of $96,335.04. Following the completion of the transaction, the insider now owns 15,658 shares of the company's stock, valued at approximately $2,732,634.16. The trade was a 3.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 227,954 shares of company stock worth $40,796,663 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

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.

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