Argonautica Private Wealth Management Inc. Purchases 117 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Argonautica Private Wealth Management Inc. lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,850 shares of the financial services provider’s stock after acquiring an additional 117 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Intercontinental Exchange were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ICE. OFI Invest Asset Management bought a new stake in Intercontinental Exchange in the 3rd quarter worth approximately $25,000. Jones Financial Companies Lllp bought a new stake in Intercontinental Exchange in the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC bought a new stake in Intercontinental Exchange in the 4th quarter worth approximately $28,000. BKM Wealth Management LLC bought a new stake in Intercontinental Exchange in the 4th quarter worth approximately $31,000. Finally, Rakuten Securities Inc. bought a new stake in Intercontinental Exchange in the 4th quarter worth approximately $39,000. Institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at $161,893,392.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO James W. Namkung sold 1,182 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total transaction of $156,059.46. Following the transaction, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,491 shares of company stock valued at $21,454,204. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on ICE shares. Rosenblatt Securities upped their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Barclays raised their target price on Intercontinental Exchange from $153.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Bank of America decreased their target price on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. JPMorgan Chase & Co. raised 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. Finally, Piper Sandler raised their target price on Intercontinental Exchange from $135.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $148.08.

Intercontinental Exchange Stock Down 0.1 %

NYSE:ICE traded down $0.12 during trading hours on Friday, reaching $131.70. The company’s stock had a trading volume of 2,406,708 shares, compared to its average volume of 2,148,893. The company has a market capitalization of $75.41 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 2.16 and a beta of 1.02. Intercontinental Exchange, Inc. has a 12 month low of $103.81 and a 12 month 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. The stock has a 50 day moving average price of $135.86 and a two-hundred day moving average price of $125.19.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. Intercontinental Exchange’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Equities analysts predict that Intercontinental Exchange, Inc. will post 5.97 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.45 dividend. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 14th. Intercontinental Exchange’s payout ratio is currently 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.