North Capital Inc. Buys Shares of 2,518 Intercontinental Exchange Inc. (NYSE:ICE)

North Capital Inc. acquired a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,518 shares of the financial services provider's stock, valued at approximately $434,000.

A number of other large investors also recently modified their holdings of ICE. Tsfg LLC increased its stake in Intercontinental Exchange by 187.3% in the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock worth $27,000 after purchasing an additional 103 shares during the period. Rakuten Securities Inc. grew its holdings in shares of Intercontinental Exchange by 595.8% in 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 last quarter. REAP Financial Group LLC increased its stake in shares of Intercontinental Exchange by 116.7% in the fourth quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after buying an additional 91 shares during the period. Global Trust Asset Management LLC bought a new stake in Intercontinental Exchange during the 1st quarter valued at $31,000. Finally, Menard Financial Group LLC purchased a new stake in Intercontinental Exchange during the 4th quarter valued at $29,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ICE has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Barclays boosted 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. Bank of America cut 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. Finally, Morgan Stanley upped their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average price target of $188.46.

Insider Activity

In other news, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer owned 2,101,705 shares in the company, valued at $376,667,570.10. This represents a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sharon Bowen sold 795 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director owned 15,000 shares of the company's stock, valued at approximately $2,749,500. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 228,749 shares of company stock valued at $40,942,387. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Up 0.8%

NYSE ICE traded up $1.37 during trading hours on Friday, reaching $183.11. 1,082,826 shares of the company's stock traded hands, compared to its average volume of 2,989,912. Intercontinental Exchange Inc. has a 52-week low of $139.61 and a 52-week high of $183.76. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50-day simple moving average of $177.16 and a 200 day simple moving average of $166.50. The firm has a market cap of $105.04 billion, a PE ratio of 37.91, a PEG ratio of 1.98 and a beta of 1.11.

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

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.05%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

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.