Ameritas Investment Company LLC Makes New Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Ameritas Investment Company LLC bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,051 shares of the financial services provider’s stock, valued at approximately $229,000.

A number of other institutional investors also recently bought and sold shares of the business. Alpha Paradigm Partners LLC purchased a new stake in shares of Intercontinental Exchange during the 1st quarter valued at $26,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of Intercontinental Exchange during the 1st quarter valued at $26,000. Concord Wealth Partners purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $29,000. Reilly Financial Advisors LLC lifted its holdings in shares of Intercontinental Exchange by 68.0% during the 1st quarter. Reilly Financial Advisors LLC now owns 252 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 102 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Intercontinental Exchange by 743.3% during the 1st quarter. Pinnacle Bancorp Inc. now owns 253 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

NYSE:ICE opened at $120.23 on Thursday. Intercontinental Exchange, Inc. has a 52 week low of $92.41 and a 52 week high of $121.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $67.66 billion, a PE ratio of 26.07 and a beta of 0.73. The company’s 50-day simple moving average is $114.95.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, April 29th. The financial services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.04. Intercontinental Exchange had a return on equity of 13.50% and a net margin of 24.36%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the firm earned $1.28 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 4.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 16th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Tuesday, June 15th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 29.27%.

In related news, General Counsel Andrew J. Surdykowski sold 1,458 shares of Intercontinental Exchange stock in a transaction dated Wednesday, May 26th. The stock was sold at an average price of $112.96, for a total value of $164,695.68. Following the sale, the general counsel now directly owns 40,727 shares in the company, valued at approximately $4,600,521.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 109,037 shares of Intercontinental Exchange stock in a transaction dated Wednesday, May 26th. The stock was sold at an average price of $112.93, for a total value of $12,313,548.41. Following the completion of the sale, the chief executive officer now owns 1,402,345 shares in the company, valued at $158,366,820.85. The disclosure for this sale can be found here. Insiders have sold a total of 113,147 shares of company stock worth $12,785,325 over the last 90 days. Insiders own 1.30% of the company’s stock.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Monday, April 19th. Raymond James raised their target price on Intercontinental Exchange from $133.00 to $136.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, April 6th. Morgan Stanley assumed coverage on Intercontinental Exchange in a research note on Friday, June 11th. They issued an “equal weight” rating and a $122.00 target price for the company. The Goldman Sachs Group raised Intercontinental Exchange from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, June 23rd. Finally, Rosenblatt Securities increased their price target on Intercontinental Exchange from $133.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, April 30th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $124.58.

Intercontinental Exchange 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, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

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

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