Hartford Investment Management Co. boosted its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 8.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,211 shares of the financial services provider’s stock after acquiring an additional 6,136 shares during the quarter. Hartford Investment Management Co.’s holdings in Intercontinental Exchange were worth $6,107,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in ICE. Intercontinental Wealth Advisors LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at about $25,000. Gradient Investments LLC lifted its position in shares of Intercontinental Exchange by 432.8% during the 4th quarter. Gradient Investments LLC now owns 357 shares of the financial services provider’s stock worth $27,000 after buying an additional 290 shares in the last quarter. Ruggie Capital Group bought a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $29,000. Moody National Bank Trust Division bought a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $30,000. Finally, Sontag Advisory LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $34,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Scott A. Hill sold 26,933 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $73.32, for a total value of $1,974,727.56. Following the sale, the chief financial officer now owns 188,688 shares of the company’s stock, valued at approximately $13,834,604.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott A. Hill sold 11,675 shares of Intercontinental Exchange 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 of the company’s stock, valued at $13,877,868.60. The disclosure for this sale can be found here. Insiders sold a total of 227,802 shares of company stock worth $17,204,185 in the last ninety days. 1.50% of the stock is currently owned by insiders.
Shares of NYSE:ICE traded up $0.40 during mid-day trading on Monday, reaching $81.59. The company had a trading volume of 37,391 shares, compared to its average volume of 2,657,362. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $46.14 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.62 and a beta of 0.48. Intercontinental Exchange Inc has a one year low of $67.70 and a one year high of $82.65.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Intercontinental Exchange had a net margin of 31.68% and a return on equity of 12.23%. Intercontinental Exchange’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. Research analysts predict that Intercontinental Exchange Inc will post 3.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.35%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 30.64%.
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Intercontinental Exchange Company 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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