Meitav Investment House Ltd. Has $1.61 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Meitav Investment House Ltd. increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 41.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,014 shares of the financial services provider’s stock after buying an additional 2,926 shares during the quarter. Meitav Investment House Ltd.’s holdings in Intercontinental Exchange were worth $1,609,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC lifted its position in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Intercontinental Exchange in the third quarter worth $26,000. Financial Management Professionals Inc. raised its holdings in shares of Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 87 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the second quarter valued at $25,000. Finally, New Millennium Group LLC purchased a new position in Intercontinental Exchange in the second quarter valued at about $25,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Down 5.5 %

Intercontinental Exchange stock opened at $157.38 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a fifty-two week low of $104.91 and a fifty-two week high of $167.99. The firm has a fifty day moving average price of $162.14 and a two-hundred day moving average price of $147.98. The firm has a market cap of $90.36 billion, a price-to-earnings ratio of 41.22, a P/E/G ratio of 2.50 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICEGet Free Report) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. As a group, analysts forecast that Intercontinental Exchange, Inc. will post 6.12 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.14%. Intercontinental Exchange’s dividend payout ratio is currently 44.55%.

Analysts Set New Price Targets

ICE has been the subject of a number of recent research reports. The Goldman Sachs Group raised their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Citigroup raised their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Bank of America lifted their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen initiated coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $173.93.

Get Our Latest Report on Intercontinental Exchange

Insider Transactions at Intercontinental Exchange

In other news, CAO James W. Namkung sold 1,171 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $160.00, for a total value of $187,360.00. Following the sale, the chief accounting officer now owns 16,665 shares in the company, valued at approximately $2,666,400. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO James W. Namkung sold 1,171 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total value of $187,360.00. Following the completion of the sale, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at $2,666,400. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock worth $1,202,259 over the last three months. 1.10% of the stock is currently owned by insiders.

About Intercontinental Exchange

(Free Report)

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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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