Quadcap Wealth Management LLC Raises Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Quadcap Wealth Management LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,162 shares of the financial services provider’s stock after purchasing an additional 71 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Intercontinental Exchange were worth $918,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICE. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $25,000. Redwood Park Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter valued at approximately $33,000. Lee Danner & Bass Inc. acquired a new stake in Intercontinental Exchange in the fourth quarter worth $34,000. BankPlus Trust Department acquired a new stake in Intercontinental Exchange in the fourth quarter worth $40,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Intercontinental Exchange in the fourth quarter worth $44,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ICE shares. JPMorgan Chase & Co. decreased their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Barclays increased their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Morgan Stanley raised their price target on 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, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $185.93.

Insider Buying and Selling at Intercontinental Exchange

In other news, President Benjamin Jackson sold 7,900 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $166.36, for a total transaction of $1,314,244.00. Following the completion of the sale, the president now owns 160,059 shares in the company, valued at $26,627,415.24. The trade was a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the business’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the sale, the director now owns 21,364 shares of the company’s stock, valued at approximately $3,396,876. The trade was a 10.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,368 shares of company stock worth $7,077,789. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $174.91 on Friday. Intercontinental Exchange, Inc. has a 1-year low of $131.79 and a 1-year high of $179.44. The firm has a market capitalization of $100.33 billion, a PE ratio of 36.59, a PEG ratio of 2.10 and a beta of 1.12. The business’s 50 day moving average is $167.15 and its 200-day moving average is $161.20. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

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. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Intercontinental Exchange’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $1.48 EPS. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.10%. Intercontinental Exchange’s payout ratio is 39.75%.

About Intercontinental Exchange

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.