Value Partners Investments Inc. Has $2.18 Million Stake in Intercontinental Exchange Inc. (NYSE:ICE)

Value Partners Investments Inc. increased its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 23.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,636 shares of the financial services provider's stock after acquiring an additional 2,436 shares during the quarter. Value Partners Investments Inc.'s holdings in Intercontinental Exchange were worth $2,181,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. GPS Wealth Strategies Group LLC increased its position in Intercontinental Exchange by 17.2% during the first quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider's stock worth $74,000 after acquiring an additional 63 shares during the period. MV Capital Management Inc. increased its position in Intercontinental Exchange by 15.7% during the first quarter. MV Capital Management Inc. now owns 501 shares of the financial services provider's stock worth $86,000 after acquiring an additional 68 shares during the period. Johnson Investment Counsel Inc. increased its position in Intercontinental Exchange by 2.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock worth $465,000 after acquiring an additional 71 shares during the period. Quadcap Wealth Management LLC increased its position in Intercontinental Exchange by 1.2% during the fourth quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock worth $918,000 after acquiring an additional 71 shares during the period. Finally, Colonial Trust Co SC increased its position in Intercontinental Exchange by 11.7% during the fourth quarter. Colonial Trust Co SC now owns 687 shares of the financial services provider's stock worth $102,000 after acquiring an additional 72 shares during the period. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Price Performance

Shares of ICE traded up $0.94 during mid-day trading on Friday, reaching $181.74. The company had a trading volume of 2,137,138 shares, compared to its average volume of 3,000,415. The company's 50 day simple moving average is $174.95 and its 200 day simple moving average is $165.68. Intercontinental Exchange Inc. has a 1-year low of $136.25 and a 1-year high of $182.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $104.25 billion, a price-to-earnings ratio of 37.63, a P/E/G ratio of 1.96 and a beta of 1.12.

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

Intercontinental Exchange Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.06%. Intercontinental Exchange's payout ratio is currently 39.75%.

Insider Activity

In related news, Director Martha A. Tirinnanzi sold 397 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $177.11, for a total transaction of $70,312.67. Following the sale, the director now directly owns 4,526 shares in the company, valued at $801,599.86. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the sale, the chief executive officer now owns 2,101,705 shares in the company, valued at approximately $376,667,570.10. This represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 227,954 shares of company stock worth $40,796,663. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price target 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. Morgan Stanley raised their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Bank of America lowered their price target 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. Finally, Barclays raised their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average 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.