Capital Impact Advisors LLC Makes New $1.08 Million Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Capital Impact Advisors LLC acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,701 shares of the financial services provider’s stock, valued at approximately $1,083,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ICE. GPS Wealth Strategies Group LLC purchased a new position in Intercontinental Exchange during the first quarter worth $26,000. Alpha Paradigm Partners LLC purchased a new position in Intercontinental Exchange during the first quarter worth $26,000. Reilly Financial Advisors LLC boosted its stake in Intercontinental Exchange by 68.0% during the first quarter. Reilly Financial Advisors LLC now owns 252 shares of the financial services provider’s stock worth $28,000 after buying an additional 102 shares during the period. Pinnacle Bancorp Inc. boosted its stake in Intercontinental Exchange by 743.3% during the first quarter. Pinnacle Bancorp Inc. now owns 253 shares of the financial services provider’s stock worth $28,000 after buying an additional 223 shares during the period. Finally, Concord Wealth Partners bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth $29,000. 87.50% of the stock is owned by institutional investors.

In other news, CAO James W. Namkung sold 1,977 shares of the business’s stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $117.77, for a total transaction of $232,831.29. Following the sale, the chief accounting officer now owns 20,948 shares in the company, valued at $2,467,045.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Jefferson Hague sold 675 shares of the business’s stock in a transaction dated Wednesday, May 19th. The stock was sold at an average price of $110.00, for a total value of $74,250.00. Following the sale, the director now owns 15,270 shares in the company, valued at approximately $1,679,700. The disclosure for this sale can be found here. Insiders sold 113,147 shares of company stock valued at $12,785,325 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on ICE shares. The Goldman Sachs Group upgraded Intercontinental Exchange from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, June 23rd. Rosenblatt Securities lifted their target price on Intercontinental Exchange from $133.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, April 30th. Morgan Stanley started coverage on Intercontinental Exchange in a research report on Friday, June 11th. They set an “equal weight” rating and a $122.00 target price for the company. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research report on Monday, April 19th. Finally, Raymond James lifted their target price on Intercontinental Exchange from $133.00 to $136.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 6th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $124.58.

ICE stock opened at $120.23 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day moving average price of $114.95. The company has a market capitalization of $67.66 billion, a P/E ratio of 26.07 and a beta of 0.73. Intercontinental Exchange, Inc. has a 1-year low of $92.41 and a 1-year high of $121.96.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, April 29th. The financial services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.04. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.75 billion. Intercontinental Exchange had a net margin of 24.36% and a return on equity of 13.50%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. On average, analysts predict that Intercontinental Exchange, Inc. will post 4.98 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Shareholders of record on Wednesday, June 16th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 1.10%. Intercontinental Exchange’s dividend payout ratio is presently 29.27%.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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