Kintegral Advisory LLC Sells 4,053 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

Kintegral Advisory LLC lessened its stake in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 32.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,262 shares of the financial services provider's stock after selling 4,053 shares during the period. Kintegral Advisory LLC's holdings in Intercontinental Exchange were worth $1,425,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tsfg LLC raised its stake in Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock worth $27,000 after buying an additional 103 shares during the period. Rakuten Securities Inc. raised its position in shares of Intercontinental Exchange by 595.8% during the first quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock worth $29,000 after purchasing an additional 143 shares during the period. REAP Financial Group LLC lifted its holdings in shares of Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Global Trust Asset Management LLC bought a new position in shares of Intercontinental Exchange during the 1st quarter valued at about $31,000. Finally, Menard Financial Group LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ICE shares. Bank of America lowered their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Barclays lifted their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley upped their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods lifted their price objective 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus price target of $188.46.

Intercontinental Exchange Stock Performance

NYSE ICE traded up $1.37 during trading hours on Friday, reaching $183.11. 1,082,826 shares of the company were exchanged, compared to its average volume of 2,989,912. The stock has a market capitalization of $105.04 billion, a P/E ratio of 37.91, a P/E/G ratio of 1.98 and a beta of 1.11. 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 $139.61 and a 1 year high of $183.76. The business's 50 day simple moving average is $177.16 and its 200-day simple moving average is $166.50.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (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 analysts' expectations of $2.44 billion. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. On average, equities research analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.05%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

Insiders Place Their Bets

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer owned 2,101,705 shares of the company's stock, valued at $376,667,570.10. This trade represents a 6.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $179.12, for a total value of $689,253.76. Following the transaction, the general counsel directly owned 48,480 shares in the company, valued at $8,683,737.60. This trade represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 228,749 shares of company stock valued at $40,942,387 over the last three months. Corporate insiders own 1.00% of the company's stock.

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.