Intercontinental Exchange Inc. (NYSE:ICE) Position Raised by Walter Public Investments Inc.

Walter Public Investments Inc. raised its stake in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 135,586 shares of the financial services provider's stock after buying an additional 18,562 shares during the quarter. Intercontinental Exchange accounts for about 4.4% of Walter Public Investments Inc.'s holdings, making the stock its 6th biggest position. Walter Public Investments Inc.'s holdings in Intercontinental Exchange were worth $23,389,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ICE. Brighton Jones LLC increased its stake in Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock valued at $514,000 after buying an additional 1,169 shares during the period. Assetmark Inc. grew its position in Intercontinental Exchange by 7.8% in the fourth quarter. Assetmark Inc. now owns 17,762 shares of the financial services provider's stock worth $2,647,000 after acquiring an additional 1,281 shares in the last quarter. Proficio Capital Partners LLC grew its position in Intercontinental Exchange by 37.1% in the fourth quarter. Proficio Capital Partners LLC now owns 2,238 shares of the financial services provider's stock worth $333,000 after acquiring an additional 606 shares in the last quarter. E Fund Management Co. Ltd. bought a new stake in Intercontinental Exchange in the fourth quarter worth approximately $214,000. Finally, Andra AP fonden bought a new stake in Intercontinental Exchange in the fourth quarter worth approximately $1,624,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 1.2%

Shares of Intercontinental Exchange stock traded down $2.19 on Tuesday, reaching $180.90. 1,950,345 shares of the company's stock were exchanged, compared to its average volume of 2,983,916. The company has a market capitalization of $103.77 billion, a P/E ratio of 37.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. Intercontinental Exchange Inc. has a 52 week low of $140.32 and a 52 week high of $184.76. The firm's 50-day moving average is $177.54 and its two-hundred day moving average is $166.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00.

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

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.06%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Analyst Ratings Changes

Several analysts have commented on ICE shares. 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. Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley upped 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. Barclays boosted 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. Finally, UBS Group increased their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $189.62.

Insider Activity

In related news, CAO James W. Namkung sold 612 shares of the business'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 completion of the sale, the chief accounting officer owned 13,220 shares in the company, valued at $2,379,600. The trade was a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the chief executive officer owned 2,101,705 shares of the company's stock, valued at approximately $376,667,570.10. This represents a 6.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 228,749 shares of company stock worth $40,942,387. Company insiders own 1.00% of the company's stock.

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.