Perigon Wealth Management LLC Purchases 226 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

Perigon Wealth Management LLC lifted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,172 shares of the financial services provider’s stock after purchasing an additional 226 shares during the period. Perigon Wealth Management LLC’s holdings in Intercontinental Exchange were worth $2,617,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC grew its holdings in Intercontinental Exchange by 17.2% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 63 shares in the last quarter. MV Capital Management Inc. grew its holdings in Intercontinental Exchange by 15.7% during the 1st quarter. MV Capital Management Inc. now owns 501 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 68 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in Intercontinental Exchange by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock worth $465,000 after acquiring an additional 71 shares in the last quarter. Quadcap Wealth Management LLC grew its holdings in Intercontinental Exchange by 1.2% during the 4th quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider’s stock worth $918,000 after acquiring an additional 71 shares in the last quarter. Finally, Colonial Trust Co SC grew its holdings in Intercontinental Exchange by 11.7% during the 4th quarter. Colonial Trust Co SC now owns 687 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 72 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Activity at Intercontinental Exchange

In related news, CAO James W. Namkung sold 612 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $180.00, for a total value of $110,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,220 shares of the company’s stock, valued at $2,379,600. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares of the company’s stock, valued at $3,396,876. The trade was a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 227,954 shares of company stock valued at $40,796,663 in the last three months. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Stock Performance

ICE stock opened at $181.74 on Friday. The firm has a market cap of $104.25 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 1.95 and a beta of 1.12. The firm has a 50-day simple moving average of $174.95 and a two-hundred day simple moving average of $165.57. Intercontinental Exchange Inc. has a one year low of $136.21 and a one year high of $182.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. Intercontinental Exchange’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $1.48 EPS. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.06%. Intercontinental Exchange’s payout ratio is currently 39.75%.

Analysts Set New Price Targets

ICE has been the topic of several recent research reports. Morgan Stanley increased their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Bank of America dropped their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Barclays increased their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $188.46.

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.