UMB Bank n.a. Decreases Position in Intercontinental Exchange, Inc. (NYSE:ICE)

UMB Bank n.a. decreased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,772 shares of the financial services provider's stock after selling 1,627 shares during the quarter. UMB Bank n.a.'s holdings in Intercontinental Exchange were worth $2,031,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $25,000. REAP Financial Group LLC increased its position in shares of Intercontinental Exchange by 116.7% in the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock valued at $25,000 after buying an additional 91 shares in the last quarter. Menard Financial Group LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $29,000. Redwood Park Advisors LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth $33,000. Finally, Lee Danner & Bass Inc. bought a new position in Intercontinental Exchange during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 3,848 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $179.12, for a total value of $689,253.76. Following the completion of the sale, the general counsel now owns 48,480 shares in the company, valued at approximately $8,683,737.60. The trade was a 7.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 552 shares of the company's 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 completion of the sale, the insider now directly owns 15,658 shares of the company's stock, valued at approximately $2,732,634.16. This trade represents a 3.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,354 shares of company stock worth $40,512,695 over the last quarter. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ICE shares. Keefe, Bruyette & Woods increased their price objective on shares of 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 decreased their price target on shares of 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 upped their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, Barclays upped their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and an average target price of $188.46.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock traded up $0.76 during trading hours on Wednesday, hitting $176.29. The company's stock had a trading volume of 138,092 shares, compared to its average volume of 3,010,371. The business has a 50 day moving average price of $168.87 and a two-hundred day moving average price of $163.69. Intercontinental Exchange, Inc. has a 12-month low of $132.93 and a 12-month high of $180.89. The company has a market cap of $101.12 billion, a PE ratio of 36.88, a PEG ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (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 analysts' expectations of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 earnings per share. Analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

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.