Intercontinental Exchange Inc. $ICE Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 905.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 221,793 shares of the financial services provider’s stock after buying an additional 199,727 shares during the quarter. SG Americas Securities LLC’s holdings in Intercontinental Exchange were worth $35,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Holos Integrated Wealth LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $28,000. Private Wealth Management Group LLC raised its position in shares of Intercontinental Exchange by 59.5% during the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 66 shares in the last quarter. Knuff & Co LLC lifted its stake in Intercontinental Exchange by 73.3% during the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 74 shares during the last quarter. Caitlin John LLC purchased a new stake in Intercontinental Exchange during the third quarter worth approximately $32,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Intercontinental Exchange by 128.6% in the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 153 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on ICE. Piper Sandler reiterated an “overweight” rating and issued a $195.00 price target (down from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Raymond James Financial restated a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Morgan Stanley set a $183.00 target price on shares of Intercontinental Exchange and gave the company an “equal weight” rating in a report on Tuesday, February 10th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Barclays set a $193.00 price target on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $194.73.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 11,303 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.82, for a total value of $1,738,627.46. Following the completion of the sale, the insider directly owned 14,266 shares of the company’s stock, valued at approximately $2,194,396.12. This represents a 44.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 3,865 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $153.73, for a total transaction of $594,166.45. Following the sale, the president owned 165,304 shares of the company’s stock, valued at $25,412,183.92. This trade represents a 2.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 348,418 shares of company stock worth $54,196,631 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Trading Up 0.6%

NYSE:ICE opened at $156.83 on Thursday. The company has a market capitalization of $89.06 billion, a PE ratio of 27.18, a P/E/G ratio of 1.68 and a beta of 1.03. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35. The stock’s 50 day moving average price is $163.29 and its 200 day moving average price is $161.23. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64.

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

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid 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 yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is currently 36.05%.

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.