London & Capital Asset Management Ltd Buys Shares of 186,338 Intercontinental Exchange Inc. $ICE

London & Capital Asset Management Ltd bought a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 186,338 shares of the financial services provider’s stock, valued at approximately $31,392,000. Intercontinental Exchange accounts for approximately 2.2% of London & Capital Asset Management Ltd’s holdings, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of ICE. Optivise Advisory Services LLC grew its holdings in Intercontinental Exchange by 3.1% during the second quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 54 shares during the period. ICONIQ Capital LLC boosted its position in shares of Intercontinental Exchange by 2.2% during the second quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 56 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Intercontinental Exchange by 5.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 58 shares in the last quarter. Elyxium Wealth LLC grew its holdings in shares of Intercontinental Exchange by 1.2% in the 2nd quarter. Elyxium Wealth LLC now owns 5,087 shares of the financial services provider’s stock valued at $933,000 after buying an additional 62 shares during the period. Finally, Cascade Investment Advisors Inc. increased its position in shares of Intercontinental Exchange by 0.5% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 13,766 shares of the financial services provider’s stock valued at $2,319,000 after buying an additional 65 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Raymond James Financial reissued a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $180.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Piper Sandler restated an “overweight” rating and set a $195.00 target price (down from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Finally, UBS Group reaffirmed a “buy” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $195.40.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 11,303 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the sale, the insider directly owned 14,266 shares of the company’s stock, valued at $2,194,396.12. The trade was a 44.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Mayur Kapani sold 15,213 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total transaction of $2,358,319.26. Following the transaction, the chief technology officer owned 64,869 shares of the company’s stock, valued at approximately $10,055,992.38. This represents a 19.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 354,492 shares of company stock worth $55,139,102. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Stock Up 0.7%

NYSE:ICE opened at $164.05 on Monday. The stock has a 50-day simple moving average of $164.47 and a 200 day simple moving average of $163.31. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35. The company has a market cap of $93.17 billion, a PE ratio of 28.43, a PEG ratio of 1.71 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm posted $1.52 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be given a $0.52 dividend. The ex-dividend date of this dividend 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 (DPR) is 33.28%.

Intercontinental Exchange 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.