Intercontinental Exchange Inc. $ICE Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC trimmed its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 63.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,127 shares of the financial services provider’s stock after selling 3,726 shares during the period. Jackson Square Capital LLC’s holdings in Intercontinental Exchange were worth $344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ICE. Brighton Jones LLC increased its holdings in shares of Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after buying an additional 1,169 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Intercontinental Exchange by 9.0% during the 1st quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock worth $2,483,000 after buying an additional 1,189 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Intercontinental Exchange by 16.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock worth $381,000 after buying an additional 289 shares during the last quarter. CW Advisors LLC increased its holdings in shares of Intercontinental Exchange by 25.7% during the 2nd quarter. CW Advisors LLC now owns 2,078 shares of the financial services provider’s stock worth $381,000 after buying an additional 425 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Intercontinental Exchange by 6.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 104,737 shares of the financial services provider’s stock worth $19,215,000 after buying an additional 6,559 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 1.0%

Shares of NYSE ICE opened at $167.97 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 market cap of $95.14 billion, a P/E ratio of 29.11, a P/E/G ratio of 1.75 and a beta of 1.03. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $160.79 and a 200 day moving average price of $160.40.

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

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 36.05%.

Wall Street Analyst Weigh In

ICE has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Raymond James Financial restated a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the company an “equal weight” rating in a report on Tuesday, February 10th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $195.00 price target (down from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $191.80.

Insider Buying and Selling

In other Intercontinental Exchange 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 transaction, the insider directly owned 14,266 shares of the company’s stock, valued at $2,194,396.12. This represents a 44.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Mayur Kapani sold 15,213 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $155.02, for a total transaction of $2,358,319.26. Following the completion of the transaction, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at approximately $10,055,992.38. The trade was a 19.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 348,418 shares of company stock worth $54,196,631 over the last quarter. Company 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.