Invesco LLC Has $2.57 Million Holdings in Intercontinental Exchange Inc. (NYSE:ICE)

Invesco LLC boosted its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 36.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 14,914 shares of the financial services provider's stock after buying an additional 4,021 shares during the period. Intercontinental Exchange makes up about 1.1% of Invesco LLC's investment portfolio, making the stock its 26th largest position. Invesco LLC's holdings in Intercontinental Exchange were worth $2,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Intercontinental Exchange by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock worth $7,782,521,000 after purchasing an additional 538,670 shares during the period. Geode Capital Management LLC lifted its stake in shares of Intercontinental Exchange by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock worth $1,765,317,000 after purchasing an additional 327,637 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Intercontinental Exchange by 132.9% in the fourth quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock worth $1,359,173,000 after buying an additional 5,204,309 shares during the period. Norges Bank acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $1,196,258,000. Finally, Northern Trust Corp raised its holdings in shares of Intercontinental Exchange by 9.7% during the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock valued at $1,105,953,000 after buying an additional 655,247 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Martha A. Tirinnanzi sold 397 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $177.11, for a total value of $70,312.67. Following the transaction, the director now owns 4,526 shares of the company's stock, valued at $801,599.86. This trade represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $177.48, for a total transaction of $283,968.00. Following the sale, the senior vice president now directly owns 27,313 shares of the company's stock, valued at approximately $4,847,511.24. This represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 227,954 shares of company stock worth $40,796,663. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Up 0.6%

Shares of NYSE:ICE traded up $1.12 during trading on Tuesday, reaching $180.85. 2,101,668 shares of the company traded hands, compared to its average volume of 3,008,321. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. Intercontinental Exchange Inc. has a 1-year low of $136.21 and a 1-year high of $181.65. The firm has a fifty day simple moving average of $173.17 and a 200 day simple moving average of $165.02. The firm has a market cap of $103.74 billion, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12.

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

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.06%. Intercontinental Exchange's payout ratio is presently 39.75%.

Analyst Ratings Changes

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

Intercontinental Exchange 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.