Intercontinental Exchange Inc. (NYSE:ICE) Shares Acquired by Running Oak Capital LLC

Running Oak Capital LLC raised its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,514 shares of the financial services provider's stock after purchasing an additional 5,399 shares during the period. Intercontinental Exchange comprises about 2.0% of Running Oak Capital LLC's investment portfolio, making the stock its 6th largest position. Running Oak Capital LLC's holdings in Intercontinental Exchange were worth $16,476,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Intercontinental Exchange by 51.3% during the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock worth $514,000 after acquiring an additional 1,169 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Intercontinental Exchange by 10.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,537 shares of the financial services provider's stock worth $527,000 after purchasing an additional 337 shares during the period. Private Advisor Group LLC lifted its stake in shares of Intercontinental Exchange by 24.8% during the 4th quarter. Private Advisor Group LLC now owns 38,195 shares of the financial services provider's stock worth $5,691,000 after purchasing an additional 7,579 shares during the period. ING Groep NV acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $3,867,000. Finally, Cassaday & Co Wealth Management LLC grew its position in shares of Intercontinental Exchange by 72.0% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,207 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 924 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Down 0.8%

NYSE ICE traded down $1.50 during mid-day trading on Friday, hitting $178.27. The company's stock had a trading volume of 3,910,144 shares, compared to its average volume of 3,015,942. The firm has a market capitalization of $102.26 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange Inc. has a 52-week low of $136.21 and a 52-week high of $181.65. The stock's fifty day simple moving average is $172.76 and its two-hundred day simple moving average is $164.85.

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

Intercontinental Exchange Announces Dividend

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

Insiders Place Their Bets

In related news, SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $177.48, for a total transaction of $283,968.00. Following the sale, the senior vice president now owns 27,313 shares of the company's stock, valued at $4,847,511.24. The trade was a 5.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO James W. Namkung sold 612 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $180.00, for a total transaction of $110,160.00. Following the completion of the transaction, the chief accounting officer now owns 13,220 shares in the company, valued at $2,379,600. This represents a 4.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,954 shares of company stock worth $40,796,663 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ICE shares. Barclays increased their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" 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 company an "equal weight" rating in a research note on Monday, May 5th. Bank of America cut their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $188.46.

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.