New York State Teachers Retirement System cut its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 3.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 423,236 shares of the financial services provider's stock after selling 16,156 shares during the period. New York State Teachers Retirement System owned 0.07% of Intercontinental Exchange worth $73,008,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ICE. Brighton Jones LLC raised its holdings 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 acquiring an additional 1,169 shares during the last quarter. Nwam LLC increased its holdings in shares of Intercontinental Exchange by 20.2% during the 4th quarter. Nwam LLC now owns 1,796 shares of the financial services provider's stock worth $268,000 after buying an additional 302 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Intercontinental Exchange by 215.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the financial services provider's stock worth $664,000 after buying an additional 3,044 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Intercontinental Exchange by 6.8% during the 4th quarter. QRG Capital Management Inc. now owns 17,798 shares of the financial services provider's stock worth $2,652,000 after buying an additional 1,137 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Intercontinental Exchange by 18.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,516 shares of the financial services provider's stock worth $226,000 after buying an additional 233 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.
Intercontinental Exchange Stock Up 0.5%
Shares of Intercontinental Exchange stock opened at $181.74 on Monday. The company has a fifty day moving average price of $174.95 and a 200 day moving average price of $165.68. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. Intercontinental Exchange Inc. has a twelve month low of $136.25 and a twelve month high of $182.61. The stock has a market cap of $104.25 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 1.96 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 analysts' consensus estimates of $1.70 by $0.02. The company had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 EPS. Equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.
Intercontinental Exchange Announces Dividend
The company 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 dividend on an annualized basis and a yield of 1.06%. Intercontinental Exchange's payout ratio is currently 39.75%.
Insider Buying and Selling at Intercontinental Exchange
In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $177.48, for a total value of $283,968.00. Following the completion of the transaction, the senior vice president now directly owns 27,313 shares of the company's stock, valued at $4,847,511.24. This represents a 5.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 552 shares of the 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 transaction, the insider now directly owns 15,658 shares in the company, valued at $2,732,634.16. The trade was a 3.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 227,954 shares of company stock valued at $40,796,663 in the last ninety days. Insiders own 1.00% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on ICE. Bank of America dropped their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Barclays upped their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Morgan Stanley upped their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $188.46.
Read Our Latest Stock Report on Intercontinental Exchange
About Intercontinental Exchange
(
Free Report)
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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Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc. (NYSE:ICE - Free Report).
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