Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,751 shares of the financial services provider’s stock after acquiring an additional 79 shares during the quarter. Intercontinental Exchange makes up about 1.6% of Cascade Investment Advisors Inc.’s portfolio, making the stock its 11th biggest holding. Cascade Investment Advisors Inc.’s holdings in Intercontinental Exchange were worth $2,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ICE. Brighton Jones LLC raised its holdings in Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after buying an additional 1,169 shares during the period. Hantz Financial Services Inc. raised its holdings in Intercontinental Exchange by 8.9% in the 4th quarter. Hantz Financial Services Inc. now owns 7,321 shares of the financial services provider’s stock valued at $1,091,000 after buying an additional 599 shares during the period. Institute for Wealth Management LLC. raised its holdings in Intercontinental Exchange by 7.6% in the 4th quarter. Institute for Wealth Management LLC. now owns 2,844 shares of the financial services provider’s stock valued at $424,000 after buying an additional 200 shares during the period. Chicago Partners Investment Group LLC raised its holdings in Intercontinental Exchange by 4.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,374 shares of the financial services provider’s stock valued at $348,000 after buying an additional 104 shares during the period. Finally, Evermay Wealth Management LLC raised its holdings in Intercontinental Exchange by 2.5% in the 4th quarter. Evermay Wealth Management LLC now owns 5,072 shares of the financial services provider’s stock valued at $756,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling

In related news, insider Christopher Scott Edmonds sold 552 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $174.52, for a total transaction of $96,335.04. Following the completion of the sale, the insider now directly owns 15,658 shares of the company’s stock, valued at $2,732,634.16. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Martha A. Tirinnanzi sold 397 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $177.11, for a total value of $70,312.67. Following the completion of the sale, the director now directly owns 4,526 shares of the company’s stock, valued at approximately $801,599.86. This trade represents a 8.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,579 shares of company stock valued at $584,818 over the last three months. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $179.95 on Friday. The firm has a market capitalization of $103.22 billion, a P/E ratio of 37.65, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 52 week low of $132.57 and a 52 week high of $180.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $168.09 and its two-hundred day moving average is $162.67.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.07%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 39.75%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Bank of America reduced their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley increased their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. UBS Group increased their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $188.46.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.