Krilogy Financial LLC lessened its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 25.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,802 shares of the financial services provider's stock after selling 5,321 shares during the period. Krilogy Financial LLC's holdings in Intercontinental Exchange were worth $2,726,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Relyea Zuckerberg Hanson LLC bought a new stake in Intercontinental Exchange in the 1st quarter valued at approximately $221,000. NorthCrest Asset Manangement LLC grew its position in Intercontinental Exchange by 0.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 133,594 shares of the financial services provider's stock valued at $23,045,000 after purchasing an additional 863 shares in the last quarter. Rockland Trust Co. grew its position in Intercontinental Exchange by 2.5% in the first quarter. Rockland Trust Co. now owns 110,521 shares of the financial services provider's stock valued at $19,065,000 after purchasing an additional 2,683 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in Intercontinental Exchange by 20.6% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 578,434 shares of the financial services provider's stock valued at $99,780,000 after buying an additional 98,971 shares during the last quarter. Finally, West Oak Capital LLC lifted its position in Intercontinental Exchange by 8.1% during the 1st quarter. West Oak Capital LLC now owns 2,461 shares of the financial services provider's stock worth $394,000 after buying an additional 184 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.
Intercontinental Exchange Stock Performance
ICE stock traded down $0.78 during midday trading on Friday, reaching $178.30. 2,500,290 shares of the company were exchanged, compared to its average volume of 3,014,142. The firm has a market capitalization of $102.28 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The business has a 50-day moving average price of $170.32 and a two-hundred day moving average price of $164.04. Intercontinental Exchange, Inc. has a one year low of $133.97 and a one year high of $180.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly 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 analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 EPS. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.
Intercontinental Exchange Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.08%. Intercontinental Exchange's payout ratio is 39.75%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Bank of America lowered their price target 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. Barclays upped their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley raised their target price 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. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and an average price target of $188.46.
Check Out Our Latest Research Report on Intercontinental Exchange
Insider Transactions at Intercontinental Exchange
In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now directly owns 21,364 shares of the company's stock, valued at $3,396,876. This represents a 10.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,101,705 shares of the company's stock, valued at approximately $376,667,570.10. The trade was a 6.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 227,954 shares of company stock worth $40,796,663. Company insiders own 1.00% of the company's stock.
Intercontinental Exchange Company Profile
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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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