Intercontinental Exchange Inc (ICE) Shares Bought by Allred Capital Management LLC

Allred Capital Management LLC increased its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 4.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,489 shares of the financial services provider’s stock after purchasing an additional 133 shares during the period. Allred Capital Management LLC’s holdings in Intercontinental Exchange were worth $270,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. grew its stake in Intercontinental Exchange by 46.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 460 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 145 shares during the last quarter. HCR Wealth Advisors grew its stake in Intercontinental Exchange by 1.0% during the 4th quarter. HCR Wealth Advisors now owns 16,271 shares of the financial services provider’s stock valued at $1,226,000 after purchasing an additional 165 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in Intercontinental Exchange by 2.1% during the 4th quarter. Wetherby Asset Management Inc. now owns 8,615 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 175 shares during the last quarter. Traynor Capital Management Inc. grew its stake in Intercontinental Exchange by 3.4% during the 4th quarter. Traynor Capital Management Inc. now owns 5,429 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 178 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its stake in Intercontinental Exchange by 4.4% during the 4th quarter. HighPoint Advisor Group LLC now owns 4,350 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 90.55% of the company’s stock.

Several research firms have weighed in on ICE. Wells Fargo & Co boosted their price target on Intercontinental Exchange from $79.00 to $81.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Bank of America set a $85.00 price objective on Intercontinental Exchange and gave the company a “buy” rating in a report on Tuesday, April 9th. Zacks Investment Research cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Citigroup raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 price objective for the company in a report on Tuesday, January 22nd. Finally, ValuEngine cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $85.55.

In related news, Vice Chairman Charles A. Vice sold 25,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $76.82, for a total value of $1,920,500.00. Following the completion of the transaction, the insider now owns 427,621 shares of the company’s stock, valued at approximately $32,849,845.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Charles A. Vice sold 35,000 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $77.10, for a total value of $2,698,500.00. Following the completion of the transaction, the insider now directly owns 420,106 shares of the company’s stock, valued at approximately $32,390,172.60. The disclosure for this sale can be found here. Insiders sold a total of 218,627 shares of company stock valued at $16,458,501 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Shares of ICE stock opened at $79.44 on Wednesday. The stock has a market capitalization of $44.49 billion, a PE ratio of 22.13, a P/E/G ratio of 2.49 and a beta of 0.48. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38. Intercontinental Exchange Inc has a 52-week low of $67.70 and a 52-week high of $82.65.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Intercontinental Exchange had a return on equity of 12.23% and a net margin of 31.68%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. As a group, equities research analysts expect that Intercontinental Exchange Inc will post 3.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.275 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.10 dividend on an annualized basis and a yield of 1.38%. Intercontinental Exchange’s payout ratio is 30.64%.

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About Intercontinental Exchange

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, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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

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