Opal Wealth Advisors LLC Acquires New Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Opal Wealth Advisors LLC purchased a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,807 shares of the financial services provider's stock, valued at approximately $3,417,000. Intercontinental Exchange makes up 1.1% of Opal Wealth Advisors LLC's portfolio, making the stock its 14th biggest position.

A number of other large investors also recently bought and sold shares of ICE. Sierra Ocean LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at $25,000. REAP Financial Group LLC boosted its holdings in Intercontinental Exchange by 116.7% in the 4th 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 last quarter. Menard Financial Group LLC purchased a new stake in Intercontinental Exchange during the 4th quarter worth approximately $29,000. Redwood Park Advisors LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $33,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $34,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 0.7%

ICE traded up $1.17 on Tuesday, hitting $180.97. 2,559,830 shares of the company were exchanged, compared to its average volume of 3,014,944. The firm has a 50-day moving average price of $170.89 and a two-hundred day moving average price of $164.21. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a twelve month low of $133.97 and a twelve month high of $181.63. The company has a market cap of $103.81 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Intercontinental Exchange's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 earnings per share. On average, equities analysts predict 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 will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given 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 presently 39.75%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ICE shares. Morgan Stanley raised their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Barclays lifted their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Bank of America cut their target price 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. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange has an average rating of "Moderate Buy" and an average target price of $188.46.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction that occurred 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 in the company, valued at approximately $3,396,876. This trade represents a 10.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $177.48, for a total value of $283,968.00. Following the sale, the senior vice president now owns 27,313 shares of the company's stock, valued at $4,847,511.24. This trade represents a 5.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 227,954 shares of company stock worth $40,796,663 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

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.