Simmons Bank Has $4.69 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Simmons Bank grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,442 shares of the financial services provider’s stock after buying an additional 1,748 shares during the period. Simmons Bank’s holdings in Intercontinental Exchange were worth $4,685,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ICE. AMF Tjanstepension AB lifted its position in shares of Intercontinental Exchange by 14.5% in the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock worth $20,441,000 after buying an additional 16,130 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Intercontinental Exchange by 21,404.8% in the third quarter. International Assets Investment Management LLC now owns 39,999 shares of the financial services provider’s stock worth $6,425,000 after buying an additional 39,813 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Intercontinental Exchange by 49.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 34,785 shares of the financial services provider’s stock worth $5,588,000 after buying an additional 11,498 shares during the last quarter. abrdn plc lifted its position in shares of Intercontinental Exchange by 6.8% during 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 during the last quarter. Finally, Integrated Advisors Network LLC lifted its position in shares of Intercontinental Exchange by 4.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the transaction, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,368 shares of company stock valued at $9,908,492. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. UBS Group boosted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays boosted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Trading Down 0.3 %

Shares of ICE opened at $170.74 on Thursday. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $172.63. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $98.10 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 2.10 and a beta of 1.11. The stock’s 50-day moving average price is $156.50 and its 200 day moving average price is $158.54.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.12%. Intercontinental Exchange’s payout ratio is presently 40.17%.

About Intercontinental Exchange

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.