Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,464 shares of the financial services provider’s stock after purchasing an additional 802 shares during the quarter. Signaturefd LLC’s holdings in Intercontinental Exchange were worth $1,215,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Jefferies Financial Group Inc. raised its stake in Intercontinental Exchange by 3.8% during the second quarter. Jefferies Financial Group Inc. now owns 2,432 shares of the financial services provider’s stock valued at $275,000 after buying an additional 88 shares in the last quarter. Vinva Investment Management Ltd raised its position in shares of Intercontinental Exchange by 0.6% during the 3rd quarter. Vinva Investment Management Ltd now owns 16,736 shares of the financial services provider’s stock valued at $1,855,000 after acquiring an additional 93 shares in the last quarter. Timber Creek Capital Management LLC lifted its stake in Intercontinental Exchange by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 34,466 shares of the financial services provider’s stock worth $4,426,000 after purchasing an additional 94 shares during the last quarter. Vestcor Inc boosted its holdings in Intercontinental Exchange by 0.5% in the fourth quarter. Vestcor Inc now owns 17,924 shares of the financial services provider’s stock worth $1,839,000 after purchasing an additional 94 shares during the period. Finally, HBK Sorce Advisory LLC increased its stake in Intercontinental Exchange by 4.8% during the third quarter. HBK Sorce Advisory LLC now owns 2,116 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the transaction, the chief executive officer now directly owns 1,179,895 shares in the company, valued at approximately $161,893,392.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Douglas Foley sold 7,070 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.09, for a total value of $962,156.30. Following the sale, the senior vice president now directly owns 18,383 shares in the company, valued at approximately $2,501,742.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the sale, the chief executive officer now owns 1,179,895 shares of the company’s stock, valued at $161,893,392.95. The disclosure for this sale can be found here. Insiders sold 157,491 shares of company stock worth $21,454,204 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Piper Sandler upped their target price on Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Rosenblatt Securities increased their price target on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, UBS Group upped their price objective on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

Intercontinental Exchange Price Performance

Shares of ICE opened at $131.21 on Monday. The firm has a market capitalization of $75.13 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. The stock’s fifty day moving average is $136.27 and its 200-day moving average is $124.64. Intercontinental Exchange, Inc. has a one year low of $103.81 and a one year high of $140.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. Intercontinental Exchange’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.98 EPS for the current year.

Intercontinental Exchange Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.45 per share. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. This represents a $1.80 annualized dividend and a yield of 1.37%. Intercontinental Exchange’s payout ratio is presently 42.86%.

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.