Integrated Wealth Concepts LLC Purchases 186 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Integrated Wealth Concepts LLC grew its stake in Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,797 shares of the financial services provider’s stock after purchasing an additional 186 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Intercontinental Exchange were worth $357,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Benjamin Edwards Inc. raised its position in shares of Intercontinental Exchange by 5.6% in the first quarter. Benjamin Edwards Inc. now owns 1,703 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 90 shares during the period. Leuthold Group LLC raised its position in shares of Intercontinental Exchange by 0.3% in the first quarter. Leuthold Group LLC now owns 31,367 shares of the financial services provider’s stock valued at $4,144,000 after purchasing an additional 92 shares during the period. Skylands Capital LLC raised its position in shares of Intercontinental Exchange by 2.0% in the second quarter. Skylands Capital LLC now owns 5,200 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 100 shares during the period. Deseret Mutual Benefit Administrators raised its position in shares of Intercontinental Exchange by 3.2% in the second quarter. Deseret Mutual Benefit Administrators now owns 3,369 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 103 shares during the period. Finally, Strengthening Families & Communities LLC raised its position in shares of Intercontinental Exchange by 5.4% in the second quarter. Strengthening Families & Communities LLC now owns 2,046 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 104 shares during the period. 87.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ICE shares. TheStreet downgraded shares of Intercontinental Exchange from a “b-” rating to a “c+” rating in a research note on Wednesday, October 19th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday. Morgan Stanley decreased their price target on shares of Intercontinental Exchange from $118.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Monday, November 7th. UBS Group decreased their price target on shares of Intercontinental Exchange from $128.00 to $116.00 and set a “buy” rating on the stock in a research note on Thursday, October 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intercontinental Exchange from $131.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, October 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $128.17.

Insider Activity

In related news, CEO Jeffrey C. Sprecher sold 87,377 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $94.95, for a total value of $8,296,446.15. Following the completion of the transaction, the chief executive officer now owns 1,255,207 shares in the company, valued at approximately $119,181,904.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, General Counsel Andrew J. Surdykowski sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $107.00, for a total value of $267,500.00. Following the completion of the transaction, the general counsel now owns 42,007 shares in the company, valued at approximately $4,494,749. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey C. Sprecher sold 87,377 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $94.95, for a total transaction of $8,296,446.15. Following the completion of the transaction, the chief executive officer now owns 1,255,207 shares of the company’s stock, valued at approximately $119,181,904.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,477 shares of company stock worth $8,736,314. Corporate insiders own 1.30% of the company’s stock.

Intercontinental Exchange Trading Up 1.7 %

ICE opened at $104.32 on Monday. The company’s 50 day moving average is $95.34 and its 200-day moving average is $98.74. Intercontinental Exchange, Inc. has a 1-year low of $88.60 and a 1-year high of $138.46. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The company has a market cap of $58.27 billion, a P/E ratio of 23.13, a PEG ratio of 2.43 and a beta of 0.89.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.46%. Intercontinental Exchange’s payout ratio is currently 33.70%.

Intercontinental Exchange Company Profile

(Get Rating)

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

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