Intercontinental Exchange Inc. (NYSE:ICE) Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 31.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 51,043 shares of the financial services provider's stock after buying an additional 12,300 shares during the quarter. Wealthfront Advisers LLC's holdings in Intercontinental Exchange were worth $8,805,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Governors Lane LP increased its stake in Intercontinental Exchange by 88.0% in the 4th quarter. Governors Lane LP now owns 127,100 shares of the financial services provider's stock valued at $18,939,000 after buying an additional 59,500 shares during the period. Tema Etfs LLC acquired a new position in Intercontinental Exchange in the 4th quarter valued at $1,107,000. Ilmarinen Mutual Pension Insurance Co increased its stake in Intercontinental Exchange by 61.0% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 157,800 shares of the financial services provider's stock valued at $23,514,000 after buying an additional 59,800 shares during the period. Capital Investment Advisory Services LLC acquired a new position in Intercontinental Exchange in the 1st quarter valued at $349,000. Finally, Sequoia Financial Advisors LLC increased its stake in Intercontinental Exchange by 18.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,168 shares of the financial services provider's stock valued at $2,099,000 after buying an additional 1,879 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Sharon Bowen sold 795 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $183.30, for a total transaction of $145,723.50. Following the completion of the transaction, the director owned 15,000 shares of the company's stock, valued at $2,749,500. This represents a 5.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $179.12, for a total transaction of $689,253.76. Following the transaction, the general counsel directly owned 48,480 shares of the company's stock, valued at approximately $8,683,737.60. This represents a 7.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,119 shares of company stock worth $40,524,217 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Trading Down 0.3%

NYSE:ICE traded down $0.62 on Friday, reaching $181.32. The stock had a trading volume of 560,754 shares, compared to its average volume of 2,937,741. The company has a market cap of $104.01 billion, a price-to-earnings ratio of 37.55, a P/E/G ratio of 1.99 and a beta of 1.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00. The firm's fifty day moving average is $178.91 and its two-hundred day moving average is $168.45. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $183.99.

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

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued 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%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Morgan Stanley boosted 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. Keefe, Bruyette & Woods upped 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 price target on shares of Intercontinental Exchange from $198.00 to $206.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. 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 note on Wednesday, April 2nd. Finally, Piper Sandler upped their price target on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of "Moderate Buy" and an average price target of $194.42.

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.