Integrated Advisors Network LLC Increases Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Integrated Advisors Network LLC raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,714 shares of the financial services provider’s stock after buying an additional 66 shares during the period. Integrated Advisors Network LLC’s holdings in Intercontinental Exchange were worth $275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. abrdn plc increased its stake in shares of Intercontinental Exchange by 6.8% in the 3rd quarter. abrdn plc now owns 578,634 shares of the financial services provider’s stock worth $92,622,000 after purchasing an additional 36,703 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Intercontinental Exchange by 57.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 294,542 shares of the financial services provider’s stock valued at $47,315,000 after purchasing an additional 107,485 shares during the last quarter. First American Bank raised its position in shares of Intercontinental Exchange by 12.5% during the 3rd quarter. First American Bank now owns 73,083 shares of the financial services provider’s stock valued at $11,740,000 after buying an additional 8,123 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Intercontinental Exchange by 6.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 66,696 shares of the financial services provider’s stock valued at $10,714,000 after buying an additional 4,320 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its position in shares of Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after buying an additional 87 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Bank of America raised their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Piper Sandler increased their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, TD Cowen assumed coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.93.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the completion of the transaction, the director now owns 3,958 shares of the company’s stock, valued at approximately $629,242.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the sale, the director now owns 3,958 shares in the company, valued at $629,242.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock valued at $1,202,259 over the last 90 days. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 0.8 %

NYSE:ICE opened at $154.64 on Friday. Intercontinental Exchange, Inc. has a 12 month low of $104.91 and a 12 month high of $167.99. The firm has a fifty day simple moving average of $161.98 and a 200-day simple moving average of $148.20. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $88.79 billion, a P/E ratio of 38.28, a PEG ratio of 2.51 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.13 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 44.55%.

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.