Retirement Systems of Alabama Has $20.16 Million Stake in Intercontinental Exchange Inc (ICE)

Retirement Systems of Alabama lifted its stake in shares of Intercontinental Exchange Inc (NYSE:ICE) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 264,718 shares of the financial services provider’s stock after purchasing an additional 272 shares during the quarter. Retirement Systems of Alabama’s holdings in Intercontinental Exchange were worth $20,156,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ICE. LPL Financial LLC boosted its stake in Intercontinental Exchange by 7.0% in the third quarter. LPL Financial LLC now owns 90,697 shares of the financial services provider’s stock valued at $6,792,000 after buying an additional 5,899 shares in the last quarter. Vident Investment Advisory LLC raised its position in Intercontinental Exchange by 21.9% in the third quarter. Vident Investment Advisory LLC now owns 10,195 shares of the financial services provider’s stock valued at $763,000 after purchasing an additional 1,833 shares during the last quarter. Man Group plc raised its position in Intercontinental Exchange by 1.0% in the third quarter. Man Group plc now owns 150,509 shares of the financial services provider’s stock valued at $11,272,000 after purchasing an additional 1,549 shares during the last quarter. Mackenzie Financial Corp raised its position in Intercontinental Exchange by 23.3% in the third quarter. Mackenzie Financial Corp now owns 7,925 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 1,495 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in Intercontinental Exchange by 19.8% in the third quarter. Captrust Financial Advisors now owns 6,667 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 1,104 shares during the last quarter. 90.55% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Jeffrey C. Sprecher sold 92,502 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $74.33, for a total transaction of $6,875,673.66. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott A. Hill sold 26,933 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $73.32, for a total value of $1,974,727.56. Following the transaction, the chief financial officer now owns 188,688 shares of the company’s stock, valued at $13,834,604.16. The disclosure for this sale can be found here. Insiders have sold 218,627 shares of company stock valued at $16,458,501 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

Several equities analysts have commented on the company. Bank of America set a $85.00 target price on Intercontinental Exchange and gave the company a “buy” rating in a research report on Tuesday, April 9th. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Wells Fargo & Co increased their target price on Intercontinental Exchange from $79.00 to $81.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Deutsche Bank dropped their target price on Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, March 15th. Finally, ValuEngine downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating in a research 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 issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $85.55.

Shares of ICE opened at $79.44 on Wednesday. Intercontinental Exchange Inc has a 1 year low of $67.70 and a 1 year high of $82.65. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38. The stock has a market cap of $44.49 billion, a PE ratio of 22.13, a P/E/G ratio of 2.54 and a beta of 0.48.

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, topping the Zacks’ consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a return on equity of 12.23% and a net margin of 31.68%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.73 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, research analysts anticipate that Intercontinental Exchange Inc will post 3.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given 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 1.38%. Intercontinental Exchange’s dividend payout ratio (DPR) is 30.64%.

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Intercontinental Exchange Profile

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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