CVA Family Office LLC Purchases Shares of 1,507 Intercontinental Exchange, Inc. (NYSE:ICE)

CVA Family Office LLC acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICEFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,507 shares of the financial services provider’s stock, valued at approximately $194,000.

Other hedge funds have also modified their holdings of the company. RB Capital Management LLC raised its holdings in shares of Intercontinental Exchange by 3.2% in the first quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 126 shares during the last quarter. United Bank increased its stake in Intercontinental Exchange by 2.7% in the 1st quarter. United Bank now owns 15,988 shares of the financial services provider’s stock valued at $2,112,000 after buying an additional 422 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Intercontinental Exchange by 13.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock worth $245,000 after buying an additional 220 shares in the last quarter. Sei Investments Co. lifted its position in Intercontinental Exchange by 31.5% during the 1st quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock worth $27,077,000 after buying an additional 49,081 shares in the last quarter. Finally, Prudential PLC acquired a new position in shares of Intercontinental Exchange during the 1st quarter worth about $1,679,000. 89.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ICE has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Piper Sandler increased their price objective on Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Barclays raised their target price on shares of Intercontinental Exchange from $148.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, UBS Group lifted their price objective on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

View Our Latest Analysis on Intercontinental Exchange

Intercontinental Exchange Trading Down 1.4 %

Shares of NYSE:ICE opened at $136.23 on Monday. The business’s 50 day simple moving average is $133.57 and its 200 day simple moving average is $121.51. Intercontinental Exchange, Inc. has a 1 year low of $95.66 and a 1 year high of $140.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $78.01 billion, a P/E ratio of 32.44, a P/E/G ratio of 2.44 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICEGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. Intercontinental Exchange’s revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the business earned $1.25 earnings per share. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 5.91 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.45 per share. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.32%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 42.86%.

Insider Buying and Selling

In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,176 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $136.00, for a total transaction of $295,936.00. Following the completion of the sale, the chief financial officer now directly owns 12,061 shares in the company, valued at $1,640,296. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Warren Gardiner sold 2,176 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $136.00, for a total transaction of $295,936.00. Following the completion of the transaction, the chief financial officer now owns 12,061 shares of the company’s stock, valued at approximately $1,640,296. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 2,364 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $126.00, for a total value of $297,864.00. Following the completion of the sale, the general counsel now directly owns 43,493 shares in the company, valued at $5,480,118. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,617 shares of company stock worth $20,784,288. Corporate insiders own 1.10% of the company’s stock.

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.

Further Reading

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

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