4,449 Shares in Intercontinental Exchange Inc. $ICE Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in Intercontinental Exchange Inc. (NYSE:ICE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,449 shares of the financial services provider’s stock, valued at approximately $750,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Intercontinental Exchange during the 2nd quarter valued at approximately $1,542,780,000. Sands Capital Management LLC raised its holdings in shares of Intercontinental Exchange by 97.3% in 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 purchasing an additional 2,620,310 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of Intercontinental Exchange by 179.1% in the 3rd quarter. Mawer Investment Management Ltd. now owns 2,472,366 shares of the financial services provider’s stock worth $416,544,000 after purchasing an additional 1,586,620 shares during the period. Waverton Investment Management Ltd lifted 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 purchasing an additional 1,521,467 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Intercontinental Exchange by 55.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,781,542 shares of the financial services provider’s stock valued at $510,330,000 after purchasing an additional 994,316 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

ICE stock traded up $0.74 during midday trading on Friday, reaching $159.35. 351,299 shares of the company’s stock traded hands, compared to its average volume of 4,063,000. The firm has a market capitalization of $90.50 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. The company has a 50-day moving average price of $164.54 and a two-hundred day moving average price of $162.47. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. As a group, equities analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business 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 of this dividend is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is 33.28%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ICE shares. Raymond James Financial reissued a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Piper Sandler reaffirmed an “overweight” rating and set a $195.00 price target (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Barclays set a $193.00 price target on Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, February 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $180.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of “Buy” and an average target price of $194.73.

Insiders Place Their Bets

In other news, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 1,651,705 shares of the company’s stock, valued at approximately $256,014,275. This represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 12,861 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the completion of the transaction, the president owned 165,692 shares of the company’s stock, valued at $27,339,180. This trade represents a 7.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 348,418 shares of company stock worth $54,196,631 over the last quarter. Insiders own 1.00% of the company’s stock.

About Intercontinental Exchange

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.