Intercontinental Exchange Inc. (NYSE:ICE) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc increased its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 14.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,577 shares of the financial services provider's stock after buying an additional 15,282 shares during the quarter. Intercontinental Exchange comprises about 2.0% of Marks Group Wealth Management Inc's investment portfolio, making the stock its 4th biggest position. Marks Group Wealth Management Inc's holdings in Intercontinental Exchange were worth $20,627,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC raised its position in Intercontinental Exchange by 17.2% in the first quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 63 shares during the period. Values Added Financial LLC raised its position in Intercontinental Exchange by 4.4% in the first quarter. Values Added Financial LLC now owns 1,533 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 64 shares during the period. MV Capital Management Inc. raised its position in Intercontinental Exchange by 15.7% in the first quarter. MV Capital Management Inc. now owns 501 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 68 shares during the period. Quadcap Wealth Management LLC raised its position in Intercontinental Exchange by 1.2% in the fourth quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock valued at $918,000 after purchasing an additional 71 shares during the period. Finally, Colonial Trust Co SC grew its stake in shares of Intercontinental Exchange by 11.7% during the fourth quarter. Colonial Trust Co SC now owns 687 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 72 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on ICE shares. Morgan Stanley raised their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. UBS Group raised their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Bank of America decreased their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Barclays lifted their price target on Intercontinental Exchange from $198.00 to $206.00 and gave the stock an "overweight" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and an average price target of $192.58.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded up $1.28 during mid-day trading on Monday, hitting $181.79. The company's stock had a trading volume of 1,772,979 shares, compared to its average volume of 2,965,552. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $183.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $104.28 billion, a P/E ratio of 37.64, a P/E/G ratio of 1.97 and a beta of 1.11. The stock's fifty day moving average price is $178.47 and its two-hundred day moving average price is $167.84.

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, topping the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same period in the previous year, the company posted $1.48 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. Research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.06%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Insider Buying and Selling at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the sale, the director owned 21,364 shares of the company's stock, valued at approximately $3,396,876. The trade was a 10.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sharon Bowen sold 795 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $183.30, for a total transaction of $145,723.50. Following the transaction, the director directly owned 15,000 shares of the company's stock, valued at approximately $2,749,500. This represents a 5.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 228,749 shares of company stock worth $40,942,387 over the last 90 days. 1.00% of the stock is currently owned by insiders.

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.