Intercontinental Exchange Inc (ICE) is Premier Asset Management LLC’s 4th Largest Position

Premier Asset Management LLC boosted its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,905 shares of the financial services provider’s stock after purchasing an additional 2,795 shares during the period. Intercontinental Exchange makes up approximately 3.5% of Premier Asset Management LLC’s holdings, making the stock its 4th biggest position. Premier Asset Management LLC’s holdings in Intercontinental Exchange were worth $12,950,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ICE. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Intercontinental Exchange by 46.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 460 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 145 shares during the last quarter. HCR Wealth Advisors increased its stake in shares of Intercontinental Exchange by 1.0% during the 4th quarter. HCR Wealth Advisors now owns 16,271 shares of the financial services provider’s stock worth $1,226,000 after purchasing an additional 165 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Intercontinental Exchange by 2.1% during the 4th quarter. Wetherby Asset Management Inc. now owns 8,615 shares of the financial services provider’s stock worth $649,000 after purchasing an additional 175 shares during the last quarter. Traynor Capital Management Inc. boosted its holdings in shares of Intercontinental Exchange by 3.4% during the 4th quarter. Traynor Capital Management Inc. now owns 5,429 shares of the financial services provider’s stock worth $408,000 after buying an additional 178 shares during the period. Finally, Intrust Bank NA boosted its holdings in shares of Intercontinental Exchange by 2.5% during the 4th quarter. Intrust Bank NA now owns 7,734 shares of the financial services provider’s stock worth $583,000 after buying an additional 189 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 92,502 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $74.33, for a total value of $6,875,673.66. Following the completion of the sale, the chief executive officer now owns 1,553,471 shares in the company, valued at approximately $115,469,499.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott A. Hill sold 26,933 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $73.32, for a total transaction of $1,974,727.56. Following the completion of the sale, the chief financial officer now owns 188,688 shares of the company’s stock, valued at approximately $13,834,604.16. The disclosure for this sale can be found here. Insiders sold a total of 218,627 shares of company stock valued at $16,458,501 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Shares of Intercontinental Exchange stock traded up $1.36 during mid-day trading on Monday, reaching $78.64. 3,956,500 shares of the stock were exchanged, compared to its average volume of 2,989,715. The stock has a market capitalization of $43.72 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 2.49 and a beta of 0.48. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38. Intercontinental Exchange Inc has a fifty-two week low of $67.70 and a fifty-two week high of $82.65.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, February 7th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Intercontinental Exchange had a net margin of 31.68% and a return on equity of 12.23%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the company posted $0.73 EPS. On average, equities analysts anticipate that Intercontinental Exchange Inc will post 3.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Friday, September 13th. Intercontinental Exchange’s payout ratio is presently 30.64%.

ICE has been the subject of several recent analyst reports. Goldman Sachs Group downgraded shares of Intercontinental Exchange from a “conviction-buy” rating to a “buy” rating in a report on Friday, January 4th. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Citigroup raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 price objective for the company in a report on Tuesday, January 22nd. Wells Fargo & Co reissued a “hold” rating on shares of Intercontinental Exchange in a report on Thursday, February 7th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $85.50 price target on shares of Intercontinental Exchange in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $85.55.

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Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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