Intercontinental Exchange Inc. (NYSE:ICE) Shares Purchased by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC increased its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,448 shares of the financial services provider's stock after acquiring an additional 1,893 shares during the period. Intercontinental Exchange makes up approximately 1.8% of Kesler Norman & Wride LLC's portfolio, making the stock its 9th biggest holding. Kesler Norman & Wride LLC's holdings in Intercontinental Exchange were worth $9,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Intercontinental Exchange by 1.0% during the fourth 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 in the last quarter. Geode Capital Management LLC boosted its position in 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 Intercontinental Exchange by 132.9% during 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 purchasing an additional 5,204,309 shares in the last quarter. Norges Bank purchased a new stake in Intercontinental Exchange during the fourth quarter worth $1,196,258,000. Finally, Northern Trust Corp boosted its position in Intercontinental Exchange by 9.7% during the fourth quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock worth $1,105,953,000 after purchasing an additional 655,247 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 0.8%

Shares of Intercontinental Exchange stock traded down $1.37 during trading hours on Friday, reaching $180.45. The stock had a trading volume of 1,576,878 shares, compared to its average volume of 2,973,335. The firm has a 50 day simple moving average of $178.33 and a two-hundred day simple moving average of $167.39. The firm has a market capitalization of $103.51 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 1.99 and a beta of 1.11. 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 1 year low of $142.29 and a 1 year high of $183.99.

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 company 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 company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $1.48 EPS. As a group, equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.48 dividend. 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 39.75%.

Insider Buying and Selling

In other news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $177.48, for a total value of $283,968.00. Following the completion of the sale, the senior vice president owned 27,313 shares in the company, valued at approximately $4,847,511.24. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sharon Bowen sold 795 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $183.30, for a total value of $145,723.50. Following the completion of the sale, the director owned 15,000 shares of the company's stock, valued at approximately $2,749,500. This trade represents a 5.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 228,749 shares of company stock worth $40,942,387. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Bank of America reduced their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley upped their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. UBS Group upped their price objective on Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Barclays upped their price objective on Intercontinental Exchange from $198.00 to $206.00 and gave the company an "overweight" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $192.58.

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.