Trillium Asset Management LLC Purchases 31,246 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

Trillium Asset Management LLC increased its position in Intercontinental Exchange Inc. (NYSE:ICE) by 14.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 242,760 shares of the financial services provider’s stock after buying an additional 31,246 shares during the period. Intercontinental Exchange comprises approximately 1.2% of Trillium Asset Management LLC’s holdings, making the stock its 21st largest position. Trillium Asset Management LLC’s holdings in Intercontinental Exchange were worth $41,876,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Tsfg LLC boosted its holdings in shares of Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 103 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 143 shares during the last quarter. REAP Financial Group LLC boosted its holdings 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 valued at $25,000 after purchasing an additional 91 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Intercontinental Exchange during the 1st quarter valued at about $30,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Intercontinental Exchange during the 1st quarter valued at about $31,000. Institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ICE shares. Keefe, Bruyette & Woods increased their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Piper Sandler increased their price objective on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Barclays increased their price objective on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Morgan Stanley increased their price objective 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, UBS Group increased their price target on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $194.92.

Insider Buying and Selling

In related news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $177.48, for a total value of $283,968.00. Following the sale, the senior vice president directly owned 27,313 shares of the company’s stock, valued at $4,847,511.24. This represents 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, CAO James W. Namkung sold 612 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $180.00, for a total transaction of $110,160.00. Following the completion of the sale, the chief accounting officer directly owned 13,220 shares in the company, valued at $2,379,600. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 226,913 shares of company stock worth $40,671,107 over the last three months. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Down 0.2%

Shares of NYSE:ICE opened at $185.98 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange Inc. has a 12 month low of $142.29 and a 12 month high of $189.35. The company has a market cap of $106.46 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 2.21 and a beta of 1.11. The company has a 50-day moving average price of $181.78 and a 200 day moving average price of $172.96.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.04. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $1.52 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.0%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 36.85%.

Intercontinental Exchange Company 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.