CoreCap Advisors LLC Has $343,000 Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

CoreCap Advisors LLC raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 271.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,300 shares of the financial services provider’s stock after acquiring an additional 1,680 shares during the quarter. CoreCap Advisors LLC’s holdings in Intercontinental Exchange were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ICE. Sierra Ocean LLC purchased a new stake in Intercontinental Exchange in the 4th quarter worth approximately $25,000. Redwood Park Advisors LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth $33,000. Lee Danner & Bass Inc. purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth $34,000. BankPlus Trust Department acquired a new stake in Intercontinental Exchange during the fourth quarter valued at $40,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Intercontinental Exchange in the fourth quarter valued at about $44,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in 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 note on Friday, May 2nd. Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Bank of America dropped their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $185.93.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the sale, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now owns 17,972 shares in the company, valued at approximately $3,001,144.28. This represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,368 shares of company stock worth $7,077,789. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $178.73 on Friday. Intercontinental Exchange, Inc. has a 12 month low of $131.79 and a 12 month high of $179.44. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $102.52 billion, a P/E ratio of 37.39, a P/E/G ratio of 2.10 and a beta of 1.12. The business’s 50 day moving average is $166.93 and its two-hundred day moving average is $160.97.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Intercontinental Exchange’s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business 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 dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.07%. Intercontinental Exchange’s dividend payout ratio is currently 39.75%.

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.