Cwm LLC Raises Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Cwm LLC lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,240 shares of the financial services provider’s stock after purchasing an additional 293 shares during the quarter. Cwm LLC’s holdings in Intercontinental Exchange were worth $1,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ICE. OFI Invest Asset Management bought a new stake in Intercontinental Exchange in the 3rd quarter worth approximately $25,000. Jones Financial Companies Lllp bought a new stake in Intercontinental Exchange in the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC bought a new stake in Intercontinental Exchange in the 4th quarter worth approximately $28,000. BKM Wealth Management LLC bought a new stake in Intercontinental Exchange in the 4th quarter worth approximately $31,000. Finally, Rakuten Securities Inc. bought a new stake in Intercontinental Exchange in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 7,070 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $136.09, for a total value of $962,156.30. Following the completion of the transaction, the senior vice president now owns 18,383 shares in the company, valued at $2,501,742.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Douglas Foley sold 7,070 shares of Intercontinental Exchange stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $136.09, for a total value of $962,156.30. Following the transaction, the senior vice president now directly owns 18,383 shares in the company, valued at $2,501,742.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,491 shares of company stock worth $21,454,204. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock opened at $131.69 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The company has a market cap of $75.41 billion, a PE ratio of 31.35, a P/E/G ratio of 2.17 and a beta of 1.02. The business has a 50 day moving average of $135.86 and a 200 day moving average of $125.19. Intercontinental Exchange, Inc. has a 52 week low of $103.81 and a 52 week high of $140.43.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 earnings per share. As a group, equities research analysts forecast that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.45 dividend. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. Intercontinental Exchange’s dividend payout ratio is 42.86%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Barclays boosted their price objective on Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Rosenblatt Securities boosted their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. boosted their price objective on Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Finally, Raymond James boosted their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Friday, January 5th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.08.

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.