Jacobi Capital Management LLC Has $2.32 Million Holdings in Intercontinental Exchange Inc. $ICE

Jacobi Capital Management LLC increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,420 shares of the financial services provider’s stock after acquiring an additional 132 shares during the quarter. Jacobi Capital Management LLC’s holdings in Intercontinental Exchange were worth $2,315,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Advisors Capital Management LLC raised its holdings in shares of Intercontinental Exchange by 25.0% during the first quarter. Advisors Capital Management LLC now owns 1,978 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 396 shares during the period. McAdam LLC raised its holdings in shares of Intercontinental Exchange by 6.4% during the first quarter. McAdam LLC now owns 1,690 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 102 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Intercontinental Exchange by 9.7% during the first quarter. Acadian Asset Management LLC now owns 510,004 shares of the financial services provider’s stock valued at $87,961,000 after acquiring an additional 44,924 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Intercontinental Exchange by 15.4% during the first quarter. Geneos Wealth Management Inc. now owns 31,228 shares of the financial services provider’s stock valued at $5,387,000 after acquiring an additional 4,179 shares during the period. Finally, Belpointe Asset Management LLC raised its holdings in shares of Intercontinental Exchange by 24.5% during the first quarter. Belpointe Asset Management LLC now owns 11,361 shares of the financial services provider’s stock valued at $1,960,000 after acquiring an additional 2,234 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 2.3%

Intercontinental Exchange stock opened at $176.12 on Friday. The firm has a market cap of $100.81 billion, a PE ratio of 33.80, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50 day moving average price is $180.80 and its two-hundred day moving average price is $174.95. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.04. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.50 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS. On average, research analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ICE. UBS Group boosted their price target on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Barclays upped their price objective on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Piper Sandler upped their price objective on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average price target of $194.92.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Duriya M. Farooqui sold 2,036 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $178.34, for a total value of $363,100.24. Following the completion of the sale, the director directly owned 14,299 shares of the company’s stock, valued at $2,550,083.66. The trade was a 12.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Judith A. Sprieser sold 2,900 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the sale, the director directly owned 18,169 shares of the company’s stock, valued at $3,170,672.19. This represents a 13.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 229,130 shares of company stock valued at $41,890,900. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange 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.