Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 13.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,078 shares of the financial services provider’s stock after purchasing an additional 826 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Intercontinental Exchange were worth $1,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $25,000. REAP Financial Group LLC boosted its position in shares of Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. Menard Financial Group LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $29,000. Redwood Park Advisors LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $33,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $34,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ICE. Bank of America lowered their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley upped their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Finally, Barclays boosted 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 equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.46.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 2,101,705 shares of the company’s stock, valued at $376,667,570.10. This represents a 6.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the sale, the director now directly owns 21,364 shares of the company’s stock, valued at approximately $3,396,876. This represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 226,354 shares of company stock valued at $40,512,695 in the last ninety days. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Up 0.1%

Intercontinental Exchange stock opened at $178.70 on Monday. Intercontinental Exchange, Inc. has a fifty-two week low of $132.93 and a fifty-two week high of $180.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $102.51 billion, a P/E ratio of 37.38, a PEG ratio of 2.10 and a beta of 1.12. The stock has a 50-day simple moving average of $168.60 and a 200-day simple moving average of $163.49.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $2.47 billion during 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 firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 EPS. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

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

About Intercontinental Exchange

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.