Intercontinental Exchange Inc. (NYSE:ICE) Stock Position Increased by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its stake in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 33.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,219 shares of the financial services provider's stock after acquiring an additional 1,819 shares during the quarter. Summit Trail Advisors LLC's holdings in Intercontinental Exchange were worth $1,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Intercontinental Exchange by 6.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 69,143 shares of the financial services provider's stock valued at $11,927,000 after purchasing an additional 4,107 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Intercontinental Exchange by 6.9% during the first quarter. Mather Group LLC. now owns 2,563 shares of the financial services provider's stock valued at $442,000 after buying an additional 165 shares during the period. Alta Advisers Ltd boosted its position in Intercontinental Exchange by 48.4% during the first quarter. Alta Advisers Ltd now owns 2,758 shares of the financial services provider's stock worth $476,000 after acquiring an additional 900 shares during the last quarter. J.Safra Asset Management Corp grew its stake in Intercontinental Exchange by 59.0% in the 1st quarter. J.Safra Asset Management Corp now owns 2,871 shares of the financial services provider's stock worth $495,000 after acquiring an additional 1,065 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Intercontinental Exchange by 3.1% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 13,144 shares of the financial services provider's stock valued at $2,267,000 after acquiring an additional 397 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $177.48, for a total transaction of $283,968.00. Following the transaction, the senior vice president owned 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO James W. Namkung sold 612 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $180.00, for a total value of $110,160.00. Following the sale, the chief accounting officer directly owned 13,220 shares in the company, valued at approximately $2,379,600. This represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 228,749 shares of company stock valued at $40,942,387 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Down 0.2%

Shares of Intercontinental Exchange stock traded down $0.30 on Wednesday, hitting $181.56. 1,631,140 shares of the company's stock traded hands, compared to its average volume of 2,995,164. Intercontinental Exchange Inc. has a 52-week low of $136.96 and a 52-week high of $183.76. 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 cap of $104.15 billion, a P/E ratio of 37.59, a PEG ratio of 1.98 and a beta of 1.11. The firm's 50-day moving average is $175.95 and its 200 day moving average is $165.99.

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

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.06%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

Analyst Ratings Changes

ICE has been the topic of several analyst reports. Bank of America decreased their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley lifted their price target 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 upped their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.