Clarius Group LLC Sells 158 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Clarius Group LLC decreased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,373 shares of the financial services provider’s stock after selling 158 shares during the period. Clarius Group LLC’s holdings in Intercontinental Exchange were worth $462,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Scarborough Advisors LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at $25,000. Annapolis Financial Services LLC boosted its stake in Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Intercontinental Exchange during the 1st quarter valued at about $26,000. Stuart Chaussee & Associates Inc. bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $28,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Intercontinental Exchange by 82.3% during the first quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock valued at $28,000 after buying an additional 93 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Judith A. Sprieser sold 2,267 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the sale, the director now owns 28,849 shares of the company’s stock, valued at approximately $3,882,209.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO James W. Namkung sold 1,043 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the sale, the chief accounting officer now directly owns 17,836 shares in the company, valued at $2,675,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total value of $305,070.19. Following the transaction, the director now owns 28,849 shares in the company, valued at approximately $3,882,209.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,992 shares of company stock worth $9,197,801. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ICE shares. Argus reaffirmed a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Bank of America decreased their price objective on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a report on Friday, April 19th. Rosenblatt Securities restated a “buy” rating and issued a $164.00 target price on shares of Intercontinental Exchange in a report on Friday, May 3rd. Barclays raised their price target on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.79.

Intercontinental Exchange Stock Up 0.0 %

Shares of ICE stock traded up $0.04 during mid-day trading on Friday, hitting $153.80. The stock had a trading volume of 292,243 shares, compared to its average volume of 2,459,626. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 1.01. The firm’s 50-day moving average is $142.48 and its two-hundred day moving average is $137.08. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $154.29. The firm has a market capitalization of $88.22 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the business earned $1.43 EPS. The company’s revenue was up 22.7% compared to the same quarter last year. On average, analysts predict that Intercontinental Exchange, Inc. will post 6 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. Intercontinental Exchange’s dividend payout ratio is currently 41.28%.

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.