Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Stiles Financial Services Inc

Stiles Financial Services Inc grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 30.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,411 shares of the financial services provider’s stock after purchasing an additional 790 shares during the quarter. Stiles Financial Services Inc’s holdings in Intercontinental Exchange were worth $548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ICE. Norden Group LLC acquired a new stake in shares of Intercontinental Exchange during the 1st quarter worth about $487,000. Advisory Alpha LLC purchased a new stake in shares of Intercontinental Exchange in the 1st quarter valued at $207,000. Empirical Finance LLC grew its position in Intercontinental Exchange by 11.8% in the 1st quarter. Empirical Finance LLC now owns 7,978 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 844 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Intercontinental Exchange by 23.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 79,960 shares of the financial services provider’s stock worth $10,989,000 after purchasing an additional 14,937 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Intercontinental Exchange in the first quarter valued at approximately $2,490,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.2 %

Intercontinental Exchange stock opened at $156.11 on Friday. The stock has a 50-day moving average price of $161.71 and a 200 day moving average price of $148.85. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $89.64 billion, a PE ratio of 36.99, a P/E/G ratio of 2.57 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52 week low of $107.76 and a 52 week high of $167.99.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the firm posted $1.46 earnings per share. Intercontinental Exchange’s revenue was up 17.3% on a year-over-year basis. Equities research analysts predict that Intercontinental Exchange, Inc. will post 6.09 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.80 annualized dividend and a yield of 1.15%. Intercontinental Exchange’s payout ratio is 42.65%.

Insider Buying and Selling 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 transaction, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at approximately $2,666,400. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO James W. Namkung sold 1,171 shares of the company’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 completion of the transaction, the chief accounting officer now directly owns 16,665 shares in the company, valued at approximately $2,666,400. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the sale, the insider now directly owns 14,034 shares in the company, valued at $2,284,875.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock valued at $1,202,259 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on ICE shares. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Friday, November 1st. Piper Sandler raised their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. TD Cowen initiated coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a “buy” rating and a $182.00 price target on the stock. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a research note on Monday, October 14th. Finally, Morgan Stanley upped their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.93.

Intercontinental Exchange 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.