Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Israel Discount Bank of New York

Israel Discount Bank of New York lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 25.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,982 shares of the financial services provider’s stock after buying an additional 1,022 shares during the quarter. Israel Discount Bank of New York’s holdings in Intercontinental Exchange were worth $640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valeo Financial Advisors LLC increased its position in Intercontinental Exchange by 12.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 6,234 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 700 shares in the last quarter. PDS Planning Inc increased its position in Intercontinental Exchange by 3.8% during the 3rd quarter. PDS Planning Inc now owns 3,054 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 112 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Intercontinental Exchange by 4.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider’s stock worth $4,534,000 after purchasing an additional 1,716 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Intercontinental Exchange by 0.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 124,006 shares of the financial services provider’s stock valued at $13,643,000 after buying an additional 600 shares during the period. Finally, Arcadia Investment Management Corp MI grew its holdings in Intercontinental Exchange by 1.3% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 98,556 shares of the financial services provider’s stock valued at $10,843,000 after buying an additional 1,222 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the business’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the transaction, the insider now directly owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the acquisition, the insider now owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Warren Gardiner sold 2,176 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the sale, the chief financial officer now owns 12,061 shares of the company’s stock, valued at $1,640,296. The disclosure for this sale can be found here. Insiders have sold a total of 157,491 shares of company stock valued at $21,454,204 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the subject of several recent analyst reports. Barclays lifted their price target on Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Bank of America lowered their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a report on Friday, April 19th. Citigroup lifted their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Raymond James lifted their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, January 5th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $148.08.

Intercontinental Exchange Stock Down 0.8 %

Intercontinental Exchange stock traded down $1.04 during midday trading on Monday, hitting $130.66. 907,144 shares of the company were exchanged, compared to its average volume of 2,367,334. The company’s fifty day moving average price is $135.86 and its 200-day moving average price is $125.38. The company has a market cap of $74.82 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 2.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. Intercontinental Exchange’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. On average, research analysts predict that Intercontinental Exchange, Inc. will post 5.97 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio is presently 42.86%.

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.