Geo Capital Gestora de Recursos Ltd Has $52,000 Stock Holdings in Intercontinental Exchange Inc. $ICE

Geo Capital Gestora de Recursos Ltd reduced its position in Intercontinental Exchange Inc. (NYSE:ICE) by 98.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 310 shares of the financial services provider’s stock after selling 15,509 shares during the period. Intercontinental Exchange accounts for approximately 0.1% of Geo Capital Gestora de Recursos Ltd’s investment portfolio, making the stock its 23rd largest holding. Geo Capital Gestora de Recursos Ltd’s holdings in Intercontinental Exchange were worth $52,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ICE. Norges Bank bought a new stake in Intercontinental Exchange during the 2nd quarter worth about $1,542,780,000. Sands Capital Management LLC grew its position in shares of Intercontinental Exchange by 97.3% during the 2nd quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock worth $974,783,000 after buying an additional 2,620,310 shares during the period. C WorldWide Group Holding A S raised its stake in shares of Intercontinental Exchange by 29,199.5% during the second quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock worth $303,129,000 after buying an additional 1,646,562 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in Intercontinental Exchange by 179.1% in the third quarter. Mawer Investment Management Ltd. now owns 2,472,366 shares of the financial services provider’s stock valued at $416,544,000 after buying an additional 1,586,620 shares during the period. Finally, Waverton Investment Management Ltd boosted its stake in Intercontinental Exchange by 28,886.8% in the third quarter. Waverton Investment Management Ltd now owns 1,526,734 shares of the financial services provider’s stock valued at $257,163,000 after acquiring an additional 1,521,467 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on ICE shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $211.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. Piper Sandler reissued an “overweight” rating and issued a $195.00 target price (down from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Finally, Barclays set a $193.00 target price on Intercontinental Exchange and gave the stock an “overweight” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $195.40.

Insider Buying and Selling at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 15,213 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total value of $2,358,319.26. Following the sale, the chief technology officer owned 64,869 shares of the company’s stock, valued at approximately $10,055,992.38. This trade represents a 19.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $155.00, for a total value of $23,250,000.00. Following the completion of the sale, the chief executive officer owned 1,651,705 shares in the company, valued at $256,014,275. The trade was a 8.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 359,063 shares of company stock valued at $55,879,604 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Up 0.9%

Shares of ICE stock opened at $166.24 on Thursday. Intercontinental Exchange Inc. has a 12-month low of $143.17 and a 12-month high of $189.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $164.66 and a 200-day moving average of $163.09. The company has a market capitalization of $94.41 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 1.72 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 EPS. As a group, equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.3%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 33.28%.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.