LVW Advisors LLC Has $444,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

LVW Advisors LLC grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 48.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,246 shares of the financial services provider’s stock after purchasing an additional 1,062 shares during the period. LVW Advisors LLC’s holdings in Intercontinental Exchange were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ICE. Scarborough Advisors LLC bought a new stake in Intercontinental Exchange during the fourth quarter worth about $25,000. Annapolis Financial Services LLC lifted its stake in shares of Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 163 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Intercontinental Exchange during the 1st quarter valued at about $26,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. Finally, Venturi Wealth Management LLC raised its stake 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 worth $28,000 after buying an additional 93 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on ICE shares. Barclays lifted their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Bank of America cut their target price on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their price target for the company from $143.00 to $167.00 in a research note on Monday, July 1st. Finally, Argus reissued a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $154.79.

Intercontinental Exchange Stock Down 0.5 %

Shares of NYSE:ICE traded down $0.71 during midday trading on Tuesday, reaching $153.18. The company had a trading volume of 250,045 shares, compared to its average volume of 2,463,853. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average price is $143.29 and its 200 day moving average price is $137.60. The stock has a market cap of $87.86 billion, a PE ratio of 35.30, a P/E/G ratio of 2.68 and a beta of 1.06. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $154.63.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) 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 company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the firm earned $1.43 EPS. Intercontinental Exchange’s quarterly revenue was up 22.7% compared to the same quarter last year. Research analysts forecast that Intercontinental Exchange, Inc. will post 6 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Monday, September 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 41.28%.

Insider Buying and Selling

In related news, Director Judith A. Sprieser sold 2,267 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the sale, the director now directly owns 28,849 shares in the company, valued at approximately $3,882,209.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total transaction of $259,380.68. Following the transaction, the general counsel now directly owns 46,815 shares of the company’s stock, valued at $6,397,737.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Judith A. Sprieser sold 2,267 shares of the business’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 value of $305,070.19. Following the completion of the sale, the director now owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,992 shares of company stock valued at $9,197,801. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Company 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.