Intercontinental Exchange Inc (ICE) Position Raised by Huntington National Bank
Huntington National Bank boosted its stake in Intercontinental Exchange Inc (NYSE:ICE) by 7.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,232 shares of the financial services provider’s stock after purchasing an additional 224 shares during the quarter. Huntington National Bank’s holdings in Intercontinental Exchange were worth $246,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Intercontinental Wealth Advisors LLC purchased a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Gradient Investments LLC grew its holdings in Intercontinental Exchange by 432.8% in the fourth quarter. Gradient Investments LLC now owns 357 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 290 shares during the period. Ruggie Capital Group purchased a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $29,000. Moody National Bank Trust Division purchased a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $30,000. Finally, Sontag Advisory LLC purchased a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
A number of research firms recently issued reports on ICE. Bank of America set a $85.00 target price on shares of Intercontinental Exchange and gave the company a “buy” rating in a report on Tuesday, April 9th. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Wells Fargo & Co boosted their target price on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. Deutsche Bank decreased their price objective on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a research note on Friday, March 15th. Finally, ValuEngine downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $85.55.
ICE opened at $77.28 on Monday. The firm has a market capitalization of $43.59 billion, a P/E ratio of 21.53, a P/E/G ratio of 2.49 and a beta of 0.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc has a 12-month low of $67.70 and a 12-month 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. The firm 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%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 earnings per share. As a group, equities research analysts anticipate that Intercontinental Exchange Inc will post 3.73 EPS for the current fiscal 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 is Friday, September 13th. This represents a $1.10 annualized dividend and a yield of 1.42%. Intercontinental Exchange’s dividend payout ratio is presently 30.64%.
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About Intercontinental Exchange
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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