Avantax Advisory Services Inc. raised its position in Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) by 25.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,150 shares of the financial services provider’s stock after purchasing an additional 1,880 shares during the period. Avantax Advisory Services Inc.’s holdings in Intercontinental Exchange were worth $827,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. RB Capital Management LLC boosted its stake in Intercontinental Exchange by 3.2% during the first quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 126 shares in the last quarter. United Bank boosted its holdings in Intercontinental Exchange by 2.7% in the first quarter. United Bank now owns 15,988 shares of the financial services provider’s stock worth $2,112,000 after acquiring an additional 422 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in Intercontinental Exchange by 13.5% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 220 shares during the period. Sei Investments Co. increased its holdings in shares of Intercontinental Exchange by 31.5% during the first quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock valued at $27,077,000 after acquiring an additional 49,081 shares in the last quarter. Finally, Prudential PLC bought a new position in shares of Intercontinental Exchange in the 1st quarter worth $1,679,000. 87.28% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have commented on ICE. Raymond James boosted their price target on shares of Intercontinental Exchange from $123.00 to $130.00 and gave the company a “strong-buy” rating in a research note on Tuesday, December 6th. TheStreet downgraded Intercontinental Exchange from a “b-” rating to a “c+” rating in a research note on Wednesday, October 19th. UBS Group lowered their price objective on Intercontinental Exchange from $128.00 to $116.00 and set a “buy” rating for the company in a research note on Thursday, October 6th. Keefe, Bruyette & Woods lifted their target price on Intercontinental Exchange from $125.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday, January 12th. Finally, Morgan Stanley increased their price target on Intercontinental Exchange from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus target price of $132.25.
Intercontinental Exchange Stock Up 1.5 %
Intercontinental Exchange (NYSE:ICE – Get Rating) last released its earnings results on Thursday, November 3rd. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Intercontinental Exchange had a return on equity of 13.38% and a net margin of 26.58%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 5.32 EPS for the current year.
Intercontinental Exchange Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.40%. Intercontinental Exchange’s dividend payout ratio is presently 33.70%.
Insider Transactions at Intercontinental Exchange
In other news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $105.98, for a total value of $169,568.00. Following the completion of the transaction, the senior vice president now directly owns 20,934 shares of the company’s stock, valued at $2,218,585.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $105.98, for a total value of $169,568.00. Following the completion of the transaction, the senior vice president now directly owns 20,934 shares in the company, valued at $2,218,585.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $105.00, for a total transaction of $262,500.00. Following the sale, the general counsel now directly owns 40,507 shares in the company, valued at approximately $4,253,235. The disclosure for this sale can be found here. Insiders sold 34,100 shares of company stock worth $3,593,168 over the last quarter. Corporate insiders own 1.30% of the company’s stock.
Intercontinental Exchange Profile
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.
- Get a free copy of the StockNews.com research report on Intercontinental Exchange (ICE)
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