Banco Santander S.A. Increases Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Banco Santander S.A. lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 66.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,404 shares of the financial services provider’s stock after acquiring an additional 29,227 shares during the period. Banco Santander S.A.’s holdings in Intercontinental Exchange were worth $9,698,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Curi Wealth Management LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth about $27,000. Rather & Kittrell Inc. purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth about $27,000. Covestor Ltd purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth about $38,000. Adirondack Trust Co. raised its holdings in Intercontinental Exchange by 1,000.0% in the first quarter. Adirondack Trust Co. now owns 275 shares of the financial services provider’s stock valued at $36,000 after buying an additional 250 shares during the period. Finally, Lowe Wealth Advisors LLC purchased a new position in Intercontinental Exchange in the first quarter valued at approximately $36,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on ICE shares. Raymond James cut their price target on shares of Intercontinental Exchange from $142.00 to $126.00 and set a “strong-buy” rating on the stock in a report on Wednesday, June 22nd. Morgan Stanley raised their price target on shares of Intercontinental Exchange from $145.00 to $147.00 and gave the company an “equal weight” rating in a report on Wednesday, April 13th. Argus cut their price target on shares of Intercontinental Exchange from $148.00 to $138.00 in a report on Wednesday, June 1st. Jefferies Financial Group cut their price target on shares of Intercontinental Exchange from $161.00 to $134.00 in a report on Friday, May 20th. Finally, Citigroup cut their price target on shares of Intercontinental Exchange from $160.00 to $152.00 in a report on Wednesday, April 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.91.

Intercontinental Exchange Trading Down 2.3 %

ICE opened at $105.02 on Friday. The firm has a market capitalization of $58.63 billion, a P/E ratio of 17.59, a P/E/G ratio of 2.75 and a beta of 0.90. The firm’s 50 day moving average is $97.85 and its 200-day moving average is $113.33. Intercontinental Exchange, Inc. has a 52-week low of $90.05 and a 52-week high of $139.79. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.79.

Intercontinental Exchange (NYSE:ICEGet Rating) last released its quarterly earnings results on Thursday, August 4th. The financial services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.01. Intercontinental Exchange had a net margin of 35.58% and a return on equity of 13.52%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $1.16 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts expect that Intercontinental Exchange, Inc. will post 5.36 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, September 15th. Intercontinental Exchange’s payout ratio is currently 25.46%.

Insider Transactions at Intercontinental Exchange

In other news, Director William Jefferson Hague sold 583 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $97.66, for a total transaction of $56,935.78. Following the completion of the sale, the director now owns 16,127 shares of the company’s stock, valued at $1,574,962.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 83,621 shares of Intercontinental Exchange stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $98.97, for a total value of $8,275,970.37. Following the completion of the transaction, the chief executive officer now owns 1,277,280 shares of the company’s stock, valued at $126,412,401.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William Jefferson Hague sold 583 shares of Intercontinental Exchange stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $97.66, for a total transaction of $56,935.78. Following the completion of the transaction, the director now directly owns 16,127 shares of the company’s stock, valued at approximately $1,574,962.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,296 shares of company stock valued at $8,537,490. 1.30% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company Profile

(Get Rating)

Intercontinental Exchange, Inc, together with its subsidiaries, 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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