Capital Advisors Ltd. LLC grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) by 63.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,708 shares of the financial services provider’s stock after buying an additional 663 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Intercontinental Exchange were worth $226,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Curi Wealth Management LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $27,000. Rather & Kittrell Inc. bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $27,000. Covestor Ltd acquired a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $38,000. Adirondack Trust Co. lifted its holdings in shares of Intercontinental Exchange by 1,000.0% in the 1st quarter. Adirondack Trust Co. now owns 275 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 250 shares in the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new stake in Intercontinental Exchange in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 87.36% of the company’s stock.
Insider Transactions at Intercontinental Exchange
In other news, CEO Jeffrey C. Sprecher sold 83,621 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $98.97, for a total value of $8,275,970.37. Following the completion of the transaction, the chief executive officer now owns 1,277,280 shares in the company, valued at approximately $126,412,401.60. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 83,621 shares of Intercontinental Exchange stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $98.97, for a total value of $8,275,970.37. Following the transaction, the chief executive officer now directly owns 1,277,280 shares in the company, valued at $126,412,401.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 492 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $93.61, for a total value of $46,056.12. Following the transaction, the insider now directly owns 14,119 shares in the company, valued at approximately $1,321,679.59. The disclosure for this sale can be found here. In the last three months, insiders sold 86,296 shares of company stock valued at $8,537,490. Insiders own 1.30% of the company’s stock.
Analyst Ratings Changes
Intercontinental Exchange Stock Down 2.3 %
NYSE ICE opened at $105.02 on Friday. The business has a fifty day moving average price of $97.85 and a 200 day moving average price of $113.33. The company has a market cap of $58.63 billion, a P/E ratio of 17.59, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.01 and a current ratio of 1.04. Intercontinental Exchange, Inc. has a one year low of $90.05 and a one year high of $139.79.
Intercontinental Exchange (NYSE:ICE – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The financial services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.01. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Intercontinental Exchange had a net margin of 35.58% and a return on equity of 13.52%. Intercontinental Exchange’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 EPS. Research analysts anticipate that Intercontinental Exchange, Inc. will post 5.36 EPS for the current fiscal year.
Intercontinental Exchange Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.52 annualized dividend and a yield of 1.45%. Intercontinental Exchange’s dividend payout ratio (DPR) is 25.46%.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.
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