47,545 Shares in Intercontinental Exchange Inc. $ICE Bought by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA acquired a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 47,545 shares of the financial services provider’s stock, valued at approximately $8,010,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICE. Knuff & Co LLC raised its stake in shares of Intercontinental Exchange by 73.3% during the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Private Wealth Management Group LLC lifted its holdings in shares of Intercontinental Exchange by 59.5% during the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after buying an additional 66 shares during the last quarter. Caitlin John LLC bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $32,000. Capital A Wealth Management LLC increased its holdings in Intercontinental Exchange by 26,000.0% in the second quarter. Capital A Wealth Management LLC now owns 261 shares of the financial services provider’s stock worth $48,000 after buying an additional 260 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its position in Intercontinental Exchange by 128.6% during the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, President Benjamin Jackson sold 12,861 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the completion of the sale, the president directly owned 165,692 shares in the company, valued at $27,339,180. This represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $155.00, for a total value of $23,250,000.00. Following the completion of the sale, the chief executive officer directly owned 1,651,705 shares in the company, valued at approximately $256,014,275. This represents a 8.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 350,018 shares of company stock worth $54,457,751 in the last ninety days. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ICE. Raymond James Financial reiterated 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 restated a “buy (b-)” rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. Piper Sandler restated an “overweight” rating and set a $195.00 price target (down from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Finally, UBS Group reiterated a “buy” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $194.73.

Intercontinental Exchange Stock Down 3.5%

ICE opened at $160.03 on Wednesday. The firm has a market cap of $90.88 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50 day moving average price of $164.71 and a 200 day moving average price of $162.53. Intercontinental Exchange Inc. has a twelve month low of $143.17 and a twelve month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 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 company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a $0.52 dividend. The ex-dividend date 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 presently 33.28%.

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.