First National Bank of Mount Dora Trust Investment Services boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,315 shares of the financial services provider's stock after buying an additional 837 shares during the quarter. First National Bank of Mount Dora Trust Investment Services' holdings in Intercontinental Exchange were worth $3,885,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of ICE. CAPROCK Group Inc. grew its position in Intercontinental Exchange by 8.7% in the 1st quarter. CAPROCK Group Inc. now owns 5,006 shares of the financial services provider's stock worth $661,000 after purchasing an additional 402 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Intercontinental Exchange by 16.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 29,820 shares of the financial services provider's stock worth $3,940,000 after purchasing an additional 4,250 shares during the last quarter. CWM LLC grew its position in Intercontinental Exchange by 0.6% in the 1st quarter. CWM LLC now owns 184,296 shares of the financial services provider's stock worth $24,349,000 after purchasing an additional 1,065 shares during the last quarter. Mattern Capital Management LLC grew its position in Intercontinental Exchange by 3.1% in the 1st quarter. Mattern Capital Management LLC now owns 47,410 shares of the financial services provider's stock worth $6,264,000 after purchasing an additional 1,426 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its position in Intercontinental Exchange by 11.0% in the 1st quarter. Ensign Peak Advisors Inc now owns 2,584,440 shares of the financial services provider's stock worth $341,455,000 after purchasing an additional 255,154 shares during the last quarter. 87.00% of the stock is currently owned by institutional investors and hedge funds.
Get Intercontinental Exchange alerts:Insiders Place Their Bets
In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $107.73, for a total transaction of $172,368.00. Following the sale, the senior vice president now directly owns 22,402 shares of the company's stock, valued at $2,413,367.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $107.73, for a total transaction of $172,368.00. Following the sale, the senior vice president now directly owns 22,402 shares of the company's stock, valued at $2,413,367.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,500 shares of the company's stock in a transaction on Friday, August 26th. The stock was sold at an average price of $107.00, for a total transaction of $267,500.00. Following the sale, the general counsel now directly owns 42,007 shares in the company, valued at $4,494,749. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on ICE. UBS Group reduced their price objective on shares of Intercontinental Exchange from $134.00 to $126.00 in a report on Monday, July 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $124.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, August 12th. Argus reduced their price objective on shares of Intercontinental Exchange from $148.00 to $138.00 in a report on Wednesday, June 1st. Raymond James reduced their price objective on shares of Intercontinental Exchange from $142.00 to $126.00 and set a "strong-buy" rating for the company in a report on Wednesday, June 22nd. Finally, Rosenblatt Securities initiated coverage on shares of Intercontinental Exchange in a report on Tuesday, August 16th. They set a "buy" rating and a $164.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus target price of $136.75.Intercontinental Exchange Stock Down 1.3 %
Shares of ICE stock traded down $1.22 during trading on Wednesday, reaching $93.63. The company's stock had a trading volume of 356,760 shares, compared to its average volume of 2,217,912. The business has a fifty day moving average price of $102.26 and a 200-day moving average price of $108.18. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.79. The company has a market cap of $52.29 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 3.50 and a beta of 0.89. Intercontinental Exchange, Inc. has a one year low of $90.05 and a one year high of $139.79.
Intercontinental Exchange (NYSE:ICE – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The financial services provider reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.01. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Intercontinental Exchange had a net margin of 35.58% and a return on equity of 13.52%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Analysts anticipate that Intercontinental Exchange, Inc. will post 5.36 earnings per share for the current year.
Intercontinental Exchange Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, September 15th. Intercontinental Exchange's dividend payout ratio (DPR) is currently 25.46%.
Intercontinental Exchange Profile
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Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.
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