Retireful LLC Acquires Shares of 2,999 Intercontinental Exchange, Inc. (NYSE:ICE)

Retireful LLC bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,999 shares of the financial services provider’s stock, valued at approximately $524,000.

A number of other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Intercontinental Exchange by 32.8% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,781 shares of the financial services provider’s stock valued at $2,377,000 after purchasing an additional 3,400 shares during the last quarter. Secure Asset Management LLC bought a new stake in Intercontinental Exchange in the 1st quarter worth approximately $1,989,000. Iams Wealth Management LLC purchased a new stake in Intercontinental Exchange during the 1st quarter valued at $552,000. Heritage Family Offices LLP lifted its holdings in shares of Intercontinental Exchange by 10.5% during the 1st quarter. Heritage Family Offices LLP now owns 12,923 shares of the financial services provider’s stock valued at $2,229,000 after buying an additional 1,233 shares during the period. Finally, First Financial Corp IN boosted its stake in shares of Intercontinental Exchange by 1,099.5% in the 1st quarter. First Financial Corp IN now owns 5,014 shares of the financial services provider’s stock worth $865,000 after buying an additional 4,596 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 0.0%

Shares of ICE opened at $179.29 on Thursday. The firm has a market cap of $102.85 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $132.93 and a 1 year high of $180.89. The company has a 50 day simple moving average of $168.33 and a two-hundred day simple moving average of $163.12.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate 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 net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $1.48 earnings per share. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

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

Insider Buying and Selling at Intercontinental Exchange

In related news, CAO James W. Namkung sold 612 shares of the business’s stock in a transaction on Friday, May 30th. The shares were 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 approximately $2,379,600. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the business’s stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now 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 sold 4,191 shares of company stock worth $694,978 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ICE shares. UBS Group upped their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. 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 report on Friday, May 2nd. Finally, Bank of America reduced their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $188.46.

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.