Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 32.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,781 shares of the financial services provider's stock after acquiring an additional 3,400 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Intercontinental Exchange were worth $2,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock worth $514,000 after purchasing an additional 1,169 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of Intercontinental Exchange by 4.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,374 shares of the financial services provider's stock valued at $348,000 after buying an additional 104 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Intercontinental Exchange by 56.7% in the fourth quarter. Spire Wealth Management now owns 721 shares of the financial services provider's stock worth $107,000 after buying an additional 261 shares during the period. Boston Trust Walden Corp bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $269,000. Finally, Ninety One UK Ltd boosted its holdings in Intercontinental Exchange by 8.3% during the 4th quarter. Ninety One UK Ltd now owns 1,489,289 shares of the financial services provider's stock valued at $221,919,000 after acquiring an additional 113,541 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded up $0.14 on Friday, hitting $178.70. 3,245,175 shares of the company were exchanged, compared to its average volume of 3,016,599. The firm has a market capitalization of $102.51 billion, a P/E ratio of 37.38, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. 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 1-year low of $132.93 and a 1-year high of $180.89. The stock's 50 day moving average price is $168.45 and its 200 day moving average price is $163.26.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The company had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 EPS. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

Insider Activity at Intercontinental Exchange

In other news, CAO James W. Namkung sold 612 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $180.00, for a total value of $110,160.00. Following the sale, the chief accounting officer now owns 13,220 shares in the company, valued at $2,379,600. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the firm's 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 226,354 shares of company stock worth $40,512,695 over the last quarter. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ICE. 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 research note on Friday, May 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. UBS Group boosted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Bank of America lowered their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Wall Street Zen raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.