Intercontinental Exchange Inc (ICE) Position Reduced by LeJeune Puetz Investment Counsel LLC

LeJeune Puetz Investment Counsel LLC lessened its stake in Intercontinental Exchange Inc (NYSE:ICE) by 33.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,500 shares of the financial services provider’s stock after selling 750 shares during the quarter. LeJeune Puetz Investment Counsel LLC’s holdings in Intercontinental Exchange were worth $114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ICE. Man Group plc boosted its position in shares of Intercontinental Exchange by 1.0% during the 3rd quarter. Man Group plc now owns 150,509 shares of the financial services provider’s stock valued at $11,272,000 after acquiring an additional 1,549 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Intercontinental Exchange by 23.3% during the 3rd quarter. Mackenzie Financial Corp now owns 7,925 shares of the financial services provider’s stock valued at $594,000 after acquiring an additional 1,495 shares during the last quarter. Kentucky Retirement Systems acquired a new position in shares of Intercontinental Exchange during the 3rd quarter valued at about $2,136,000. Teachers Advisors LLC boosted its position in shares of Intercontinental Exchange by 75.6% during the 3rd quarter. Teachers Advisors LLC now owns 1,699,200 shares of the financial services provider’s stock valued at $127,253,000 after acquiring an additional 731,535 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Intercontinental Exchange by 112.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 2,661,565 shares of the financial services provider’s stock valued at $199,325,000 after acquiring an additional 1,407,479 shares during the last quarter. 90.55% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on ICE shares. Goldman Sachs Group cut shares of Intercontinental Exchange from a “conviction-buy” rating to a “buy” rating in a research report on Friday, January 4th. Bank of America set a $85.00 price target on shares of Intercontinental Exchange and gave the company a “buy” rating in a research report on Tuesday, April 9th. Deutsche Bank lowered their price target on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. Citigroup raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 price target on the stock in a research report on Tuesday, January 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $85.50 target price on shares of Intercontinental Exchange in a research report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $85.55.

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 92,502 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $74.33, for a total value of $6,875,673.66. Following the transaction, the chief executive officer now directly owns 1,553,471 shares in the company, valued at $115,469,499.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott A. Hill sold 11,675 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $80.02, for a total transaction of $934,233.50. Following the completion of the transaction, the chief financial officer now owns 173,430 shares in the company, valued at $13,877,868.60. The disclosure for this sale can be found here. Insiders have sold 230,302 shares of company stock worth $17,392,735 over the last 90 days. Insiders own 1.50% of the company’s stock.

Shares of ICE stock traded up $0.15 during trading hours on Tuesday, reaching $80.65. 90,148 shares of the stock were exchanged, compared to its average volume of 2,967,307. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc has a 12-month low of $67.70 and a 12-month high of $82.65. The firm has a market capitalization of $45.65 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 2.58 and a beta of 0.48.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 7th. The financial services provider reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.68% and a return on equity of 12.23%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities analysts forecast that Intercontinental Exchange Inc will post 3.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.275 per share. The ex-dividend date is Friday, September 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.36%. 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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