Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,719 shares of the financial services provider’s stock after buying an additional 132 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Intercontinental Exchange were worth $3,007,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Norden Group LLC purchased a new position in Intercontinental Exchange in the first quarter valued at about $487,000. Mission Wealth Management LP bought a new position in Intercontinental Exchange during the 1st quarter worth approximately $866,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Intercontinental Exchange by 4.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,401 shares of the financial services provider’s stock worth $13,523,000 after buying an additional 4,317 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Intercontinental Exchange by 3.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 66,809 shares of the financial services provider’s stock worth $9,182,000 after buying an additional 2,255 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in Intercontinental Exchange by 4.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 2,587 shares of the financial services provider’s stock worth $356,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Intercontinental Exchange from $169.00 to $160.00 and set a “hold” rating on the stock in a research report on Friday. Bank of America increased their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group increased their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $173.93.

Insider Buying and Selling at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the transaction, the insider now directly owns 14,034 shares in the company, valued at approximately $2,284,875.54. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,171 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total value of $187,360.00. Following the completion of the sale, the chief accounting officer now owns 16,665 shares in the company, valued at approximately $2,666,400. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 602 shares of the business’s 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 $98,011.62. Following the sale, the insider now owns 14,034 shares in the company, valued at approximately $2,284,875.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock worth $1,202,259 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Down 0.8 %

Shares of Intercontinental Exchange stock traded down $1.23 during midday trading on Friday, hitting $154.64. The company’s stock had a trading volume of 4,510,332 shares, compared to its average volume of 2,546,484. The firm has a market capitalization of $88.79 billion, a P/E ratio of 38.28, a PEG ratio of 2.51 and a beta of 1.08. The stock has a 50-day simple moving average of $161.98 and a 200-day simple moving average of $148.20. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a 1-year low of $104.91 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. Intercontinental Exchange’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.13 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

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

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.