Harbour Capital Advisors LLC raised its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,817 shares of the financial services provider’s stock after purchasing an additional 303 shares during the period. Harbour Capital Advisors LLC’s holdings in Intercontinental Exchange were worth $1,433,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its stake in shares of Intercontinental Exchange by 6.4% in the 1st quarter. CWM LLC now owns 2,138 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 128 shares during the period. Allred Capital Management LLC lifted its stake in shares of Intercontinental Exchange by 4.0% in the 1st quarter. Allred Capital Management LLC now owns 3,489 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 133 shares during the period. Rosenbaum Jay D. lifted its stake in shares of Intercontinental Exchange by 1.8% in the 1st quarter. Rosenbaum Jay D. now owns 7,975 shares of the financial services provider’s stock worth $607,000 after acquiring an additional 140 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Intercontinental Exchange by 46.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 460 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 145 shares during the period. Finally, HCR Wealth Advisors lifted its stake in shares of Intercontinental Exchange by 1.0% in the 4th quarter. HCR Wealth Advisors now owns 16,271 shares of the financial services provider’s stock worth $1,226,000 after acquiring an additional 165 shares during the period. 90.55% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Scott A. Hill sold 26,933 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 188,688 shares in the company, valued at $13,834,604.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott A. Hill sold 11,675 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $80.02, for a total transaction of $934,233.50. Following the sale, the chief financial officer now owns 173,430 shares in the company, valued at approximately $13,877,868.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 230,302 shares of company stock valued at $17,392,735. Company insiders own 1.50% of the company’s stock.
Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 7th. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.68% and a return on equity of 12.23%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $0.73 earnings per share. The business’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts expect that Intercontinental Exchange Inc will post 3.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, September 13th. Intercontinental Exchange’s dividend payout ratio is presently 30.64%.
A number of analysts have recently weighed in on ICE shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $85.50 price target on shares of Intercontinental Exchange in a research note on Monday, February 11th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Intercontinental Exchange in a research note on Thursday, February 7th. Deutsche Bank reduced their price target on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a research note on Friday, March 15th. Goldman Sachs Group lowered shares of Intercontinental Exchange from a “conviction-buy” rating to a “buy” rating in a research note on Friday, January 4th. Finally, Citigroup raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 target price for the company in a research note on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $85.55.
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About Intercontinental Exchange
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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