New York State Common Retirement Fund Has $104.78 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

New York State Common Retirement Fund lessened its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 815,868 shares of the financial services provider’s stock after selling 38,963 shares during the period. New York State Common Retirement Fund owned about 0.15% of Intercontinental Exchange worth $104,782,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its position in Intercontinental Exchange by 1.3% during the 3rd quarter. CWM LLC now owns 11,947 shares of the financial services provider’s stock worth $1,314,000 after buying an additional 157 shares in the last quarter. Ritholtz Wealth Management lifted its position in Intercontinental Exchange by 52.8% during the 3rd quarter. Ritholtz Wealth Management now owns 4,722 shares of the financial services provider’s stock worth $519,000 after buying an additional 1,631 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Intercontinental Exchange by 17.9% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,941 shares of the financial services provider’s stock worth $324,000 after buying an additional 447 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in Intercontinental Exchange during the 3rd quarter worth about $217,000. Finally, DAVENPORT & Co LLC lifted its position in Intercontinental Exchange by 3.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 540,210 shares of the financial services provider’s stock worth $59,512,000 after buying an additional 16,987 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ICE. Barclays boosted their price objective on Intercontinental Exchange from $153.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Raymond James boosted their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Friday, January 5th. Citigroup boosted their price objective on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. UBS Group boosted their price objective on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Rosenblatt Securities boosted their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $148.08.

Intercontinental Exchange Stock Up 0.1 %

NYSE ICE traded up $0.17 during trading hours on Tuesday, reaching $131.82. 871,081 shares of the company’s stock were exchanged, compared to its average volume of 2,370,963. The company’s 50-day moving average is $136.20 and its two-hundred day moving average is $124.80. Intercontinental Exchange, Inc. has a one year low of $103.81 and a one year high of $140.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $75.48 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the prior year, the business earned $1.25 EPS. Intercontinental Exchange’s revenue for the quarter was up 24.5% compared to the same quarter last year. On average, analysts forecast that Intercontinental Exchange, Inc. will post 5.98 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s dividend payout ratio is 42.86%.

Insiders Place Their Bets

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Douglas Foley sold 7,070 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $136.09, for a total value of $962,156.30. Following the completion of the sale, the senior vice president now owns 18,383 shares of the company’s stock, valued at approximately $2,501,742.47. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the sale, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The disclosure for this sale can be found here. Insiders sold a total of 157,491 shares of company stock valued at $21,454,204 in the last quarter. 1.10% of the stock is currently owned by insiders.

About Intercontinental Exchange

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.