1,239 Shares in Intercontinental Exchange Inc. (NYSE:ICE) Acquired by PUREfi Wealth LLC

PUREfi Wealth LLC acquired a new stake in Intercontinental Exchange Inc. (NYSE:ICE) during the first quarter, HoldingsChannel reports. The fund acquired 1,239 shares of the financial services provider’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ICE. GPS Wealth Strategies Group LLC boosted its position in shares of Intercontinental Exchange by 17.2% during the first quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 63 shares in the last quarter. Strategic Advisors LLC raised its stake in Intercontinental Exchange by 5.1% during the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock worth $201,000 after buying an additional 66 shares during the period. MV Capital Management Inc. raised its stake in Intercontinental Exchange by 15.7% during the 1st quarter. MV Capital Management Inc. now owns 501 shares of the financial services provider’s stock worth $86,000 after buying an additional 68 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in Intercontinental Exchange by 2.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock worth $465,000 after acquiring an additional 71 shares in the last quarter. Finally, Quadcap Wealth Management LLC grew its stake in Intercontinental Exchange by 1.2% in the fourth quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider’s stock valued at $918,000 after acquiring an additional 71 shares during the period. 89.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays raised their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. 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 report on Monday, May 5th. Finally, Bank of America lowered their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $188.46.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $180.97 on Wednesday. The company has a market cap of $103.81 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The firm has a 50-day moving average of $171.38 and a 200-day moving average of $164.33. Intercontinental Exchange Inc. has a one year low of $134.78 and a one year high of $182.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the business posted $1.48 EPS. Intercontinental Exchange’s revenue was up 8.0% on a year-over-year basis. As a group, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.06%. Intercontinental Exchange’s payout ratio is 39.75%.

Insider Transactions at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 552 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $174.52, for a total value of $96,335.04. Following the transaction, the insider now owns 15,658 shares in the company, valued at approximately $2,732,634.16. This represents a 3.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares in the company, 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. In the last three months, insiders sold 227,954 shares of company stock worth $40,796,663. 1.00% of the stock is owned by company insiders.

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.