Intercontinental Exchange Inc. (NYSE:ICE) Shares Purchased by Greenleaf Trust

Greenleaf Trust increased its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,517 shares of the financial services provider’s stock after acquiring an additional 399 shares during the period. Greenleaf Trust’s holdings in Intercontinental Exchange were worth $2,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC boosted its position in 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. Values Added Financial LLC lifted its position in shares of Intercontinental Exchange by 4.4% in the first quarter. Values Added Financial LLC now owns 1,533 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 64 shares in the last quarter. MV Capital Management Inc. lifted its position in shares of Intercontinental Exchange by 15.7% in the first quarter. MV Capital Management Inc. now owns 501 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 68 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Intercontinental Exchange by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 71 shares in the last quarter. Finally, Quadcap Wealth Management LLC lifted its position in shares of 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 in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $177.48, for a total transaction of $283,968.00. Following the completion of the transaction, the senior vice president directly owned 27,313 shares of the company’s stock, valued at $4,847,511.24. The trade was a 5.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sharon Bowen sold 795 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $183.30, for a total value of $145,723.50. Following the transaction, the director directly owned 15,000 shares of the company’s stock, valued at $2,749,500. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 228,749 shares of company stock valued at $40,942,387. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ICE. Bank of America decreased their target price on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. UBS Group raised their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley raised their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Finally, Barclays raised their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average target price of $191.92.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $181.88 on Thursday. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $183.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $104.33 billion, a P/E ratio of 37.66, a P/E/G ratio of 1.95 and a beta of 1.11. The stock’s fifty day moving average is $178.11 and its two-hundred day moving average is $167.17.

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

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid 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 presently 39.75%.

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.