Retireful LLC Purchases Shares of 2,999 Intercontinental Exchange, Inc. (NYSE:ICE)

Retireful LLC purchased a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,999 shares of the financial services provider's stock, valued at approximately $524,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ICE. Thurston Springer Miller Herd & Titak Inc. increased its stake in Intercontinental Exchange by 32.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,781 shares of the financial services provider's stock worth $2,377,000 after buying an additional 3,400 shares in the last quarter. Secure Asset Management LLC acquired a new stake in shares of Intercontinental Exchange in the first quarter worth approximately $1,989,000. Iams Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the first quarter worth approximately $552,000. Heritage Family Offices LLP increased its position in shares of Intercontinental Exchange by 10.5% during the first quarter. Heritage Family Offices LLP now owns 12,923 shares of the financial services provider's stock worth $2,229,000 after purchasing an additional 1,233 shares in the last quarter. Finally, First Financial Corp IN increased its position in shares of Intercontinental Exchange by 1,099.5% during the first quarter. First Financial Corp IN now owns 5,014 shares of the financial services provider's stock worth $865,000 after purchasing an additional 4,596 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 552 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $174.52, for a total transaction of $96,335.04. Following the transaction, the insider now owns 15,658 shares of the company's stock, valued at approximately $2,732,634.16. This represents a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction dated 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. The trade was a 10.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,191 shares of company stock valued at $694,978 in the last quarter. Insiders own 1.00% of the company's stock.

Intercontinental Exchange Trading Down 0.4%

NYSE:ICE traded down $0.64 during trading hours on Thursday, hitting $178.49. The company had a trading volume of 2,438,359 shares, compared to its average volume of 3,015,681. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $168.33 and a 200 day moving average of $163.12. The company has a market cap of $102.38 billion, a P/E ratio of 37.34, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 1 year low of $132.93 and a 1 year high of $180.89.

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 the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the company posted $1.48 EPS. The company's quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.08%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Wall Street Analyst Weigh In

ICE has been the subject of several research reports. Morgan Stanley boosted 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. UBS Group boosted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods boosted their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Bank of America dropped their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Barclays boosted their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.46.

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.