Rhumbline Advisers Acquires 24,358 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Rhumbline Advisers increased its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,075,837 shares of the financial services provider's stock after buying an additional 24,358 shares during the period. Rhumbline Advisers owned about 0.19% of Intercontinental Exchange worth $185,582,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ICE. Sierra Ocean LLC bought a new position in Intercontinental Exchange in the 4th quarter worth $25,000. REAP Financial Group LLC lifted its stake 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 purchasing an additional 91 shares in the last quarter. Menard Financial Group LLC purchased a new stake in Intercontinental Exchange in the 4th quarter worth $29,000. Redwood Park Advisors LLC purchased a new stake in Intercontinental Exchange in the 4th quarter worth $33,000. Finally, Lee Danner & Bass Inc. purchased a new stake in Intercontinental Exchange in the 4th quarter worth $34,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 0.2%

Intercontinental Exchange stock traded down $0.38 during midday trading on Thursday, reaching $178.75. The stock had a trading volume of 722,617 shares, compared to its average volume of 3,005,976. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 52-week low of $132.93 and a 52-week high of $180.89. The firm has a market cap of $102.54 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a fifty day moving average of $168.33 and a 200 day moving average of $163.12.

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

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Barclays upped their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley upped 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 report on Monday, May 5th. UBS Group upped their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Bank of America decreased their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $188.46.

Insiders Place Their Bets

In other Intercontinental Exchange news, CAO James W. Namkung sold 612 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $180.00, for a total value of $110,160.00. Following the transaction, the chief accounting officer now directly owns 13,220 shares in the company, valued at $2,379,600. This represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director now owns 21,364 shares in the company, valued at $3,396,876. This represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,191 shares of company stock worth $694,978 in the last three months. 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.