Invesco LLC Boosts Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Invesco LLC boosted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,892 shares of the financial services provider’s stock after purchasing an additional 358 shares during the quarter. Invesco LLC’s holdings in Intercontinental Exchange were worth $1,428,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Norden Group LLC acquired a new position in Intercontinental Exchange during the 1st quarter valued at approximately $487,000. Mission Wealth Management LP acquired a new stake in shares of Intercontinental Exchange in the first quarter valued at $866,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Intercontinental Exchange by 4.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,401 shares of the financial services provider’s stock valued at $13,523,000 after buying an additional 4,317 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Intercontinental Exchange by 3.5% in the first quarter. Janney Montgomery Scott LLC now owns 66,809 shares of the financial services provider’s stock valued at $9,182,000 after buying an additional 2,255 shares during the period. Finally, Resonant Capital Advisors LLC raised its position in shares of Intercontinental Exchange by 4.1% during the first quarter. Resonant Capital Advisors LLC now owns 2,587 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 102 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ICE shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Friday. The Goldman Sachs Group upped their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Barclays decreased their price target on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research note on Friday. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a research note on Monday, October 14th. Finally, Bank of America upped their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $173.93.

Intercontinental Exchange Trading Down 0.8 %

ICE traded down $1.23 during mid-day trading on Friday, reaching $154.64. The stock had a trading volume of 4,510,332 shares, compared to its average volume of 2,546,484. Intercontinental Exchange, Inc. has a 52 week low of $104.91 and a 52 week high of $167.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $88.79 billion, a P/E ratio of 38.28, a P/E/G ratio of 2.51 and a beta of 1.08. The firm’s fifty day simple moving average is $161.98 and its two-hundred day simple moving average is $148.20.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company earned $1.46 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.13 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.45 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. Intercontinental Exchange’s payout ratio is 44.55%.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Stuart Glen Williams sold 468 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $76,195.08. Following the transaction, the chief operating officer now directly owns 13,530 shares of the company’s stock, valued at $2,202,819.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,489 shares of company stock valued at $1,202,259 over the last three months. Company insiders own 1.10% of the company’s stock.

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.