Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Bokf Na

BOKF NA raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,881 shares of the financial services provider's stock after purchasing an additional 6,674 shares during the period. BOKF NA's holdings in Intercontinental Exchange were worth $5,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Brevan Howard Capital Management LP raised its holdings in Intercontinental Exchange by 171.8% during the 4th quarter. Brevan Howard Capital Management LP now owns 43,307 shares of the financial services provider's stock valued at $6,453,000 after buying an additional 27,376 shares during the period. Captrust Financial Advisors raised its stake in shares of Intercontinental Exchange by 11.0% in the fourth quarter. Captrust Financial Advisors now owns 20,952 shares of the financial services provider's stock valued at $3,122,000 after acquiring an additional 2,068 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $1,223,000. Castlekeep Investment Advisors LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth about $1,910,000. Finally, Baird Financial Group Inc. grew its holdings in Intercontinental Exchange by 0.6% during the 4th quarter. Baird Financial Group Inc. now owns 533,959 shares of the financial services provider's stock valued at $79,565,000 after purchasing an additional 3,443 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ICE. Barclays boosted their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. cut their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. UBS Group lifted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Morgan Stanley boosted their target price 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. Finally, StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $185.93.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the sale, the insider now owns 17,972 shares in the company, valued at approximately $3,001,144.28. The trade was a 27.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 completion of the transaction, the director now owns 21,364 shares of the company's stock, valued at approximately $3,396,876. The trade was a 10.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,368 shares of company stock valued at $7,077,789. Insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Up 1.3 %

Shares of NYSE:ICE traded up $2.26 on Friday, reaching $178.73. The company had a trading volume of 3,313,509 shares, compared to its average volume of 2,947,979. The firm's 50 day simple moving average is $166.93 and its 200-day simple moving average is $161.00. Intercontinental Exchange, Inc. has a 52-week low of $131.79 and a 52-week high of $180.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $102.52 billion, a PE ratio of 37.39, a PEG ratio of 2.10 and a beta of 1.12.

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

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

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.