Tower Research Capital LLC TRC cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 40.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,799 shares of the financial services provider’s stock after selling 4,649 shares during the period. Tower Research Capital LLC TRC’s holdings in Intercontinental Exchange were worth $709,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. RB Capital Management LLC boosted its holdings in shares of Intercontinental Exchange by 3.2% during the first quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 126 shares during the last quarter. United Bank raised its position in shares of Intercontinental Exchange by 2.7% in the 1st quarter. United Bank now owns 15,988 shares of the financial services provider’s stock worth $2,112,000 after buying an additional 422 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of Intercontinental Exchange by 13.5% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock worth $245,000 after buying an additional 220 shares during the period. Sei Investments Co. raised its position in shares of Intercontinental Exchange by 31.5% in the 1st quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock worth $27,077,000 after buying an additional 49,081 shares during the period. Finally, Prudential PLC purchased a new position in shares of Intercontinental Exchange in the 1st quarter worth $1,679,000. 87.28% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Intercontinental Exchange news, President Benjamin Jackson sold 3,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $115.54, for a total value of $346,620.00. Following the completion of the transaction, the president now directly owns 125,647 shares in the company, valued at $14,517,254.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Intercontinental Exchange news, President Benjamin Jackson sold 3,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $115.54, for a total value of $346,620.00. Following the completion of the transaction, the president now directly owns 125,647 shares in the company, valued at $14,517,254.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher Scott Edmonds sold 1,044 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $115.54, for a total value of $120,623.76. Following the sale, the insider now directly owns 16,256 shares in the company, valued at approximately $1,878,218.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,828 shares of company stock worth $10,590,134. Corporate insiders own 1.10% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Analysis on ICE
Intercontinental Exchange Stock Up 0.1 %
Shares of Intercontinental Exchange stock opened at $113.75 on Friday. The business has a 50-day moving average of $113.64 and a 200-day moving average of $108.27. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $63.73 billion, a PE ratio of 37.79, a P/E/G ratio of 2.29 and a beta of 0.94. Intercontinental Exchange, Inc. has a 1-year low of $88.60 and a 1-year high of $117.85.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Intercontinental Exchange had a return on equity of 13.11% and a net margin of 17.64%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.32 earnings per share. As a group, equities analysts forecast that Intercontinental Exchange, Inc. will post 5.65 EPS for the current fiscal year.
Intercontinental Exchange Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.42 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.48%. Intercontinental Exchange’s dividend payout ratio (DPR) is 55.81%.
Intercontinental Exchange 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.
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