Meadow Creek Wealth Advisors LLC Has $499,000 Position in Intercontinental Exchange Inc. (NYSE:ICE)

Meadow Creek Wealth Advisors LLC boosted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,892 shares of the financial services provider’s stock after purchasing an additional 79 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Intercontinental Exchange were worth $499,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Intercontinental Exchange by 51.3% during the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,169 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Intercontinental Exchange by 215.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 3,044 shares during the period. Fisher Asset Management LLC increased its stake in Intercontinental Exchange by 11.7% during the 4th quarter. Fisher Asset Management LLC now owns 1,396 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 146 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Intercontinental Exchange by 150.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,115 shares of the financial services provider’s stock worth $762,000 after buying an additional 3,076 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at $163,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In other news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $177.48, for a total transaction of $283,968.00. Following the transaction, the senior vice president directly owned 27,313 shares in the company, valued at approximately $4,847,511.24. This represents a 5.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the firm’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director directly owned 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 227,954 shares of company stock worth $40,796,663. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Down 0.8%

Shares of NYSE:ICE opened at $181.93 on Wednesday. The company has a market cap of $104.36 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 1.98 and a beta of 1.11. Intercontinental Exchange Inc. has a one year low of $136.96 and a one year high of $183.76. The firm has a fifty day moving average price of $175.95 and a two-hundred day moving average price of $165.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.06%. Intercontinental Exchange’s payout ratio is 39.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ICE shares. Barclays raised their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Bank of America dropped their price target on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.