Intercontinental Exchange Inc. $ICE Holdings Lifted by Prudential PLC

Prudential PLC increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 12.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,118 shares of the financial services provider’s stock after acquiring an additional 13,853 shares during the period. Prudential PLC’s holdings in Intercontinental Exchange were worth $21,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Private Wealth Management Group LLC boosted its position 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 purchasing an additional 66 shares in the last quarter. Knuff & Co LLC grew its stake in shares of Intercontinental Exchange by 73.3% in 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 during the last quarter. Caitlin John LLC bought a new stake in shares of Intercontinental Exchange in the 3rd quarter worth approximately $32,000. Cornerstone Planning Group LLC raised its holdings in shares of Intercontinental Exchange by 128.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 153 shares in the last quarter. Finally, Capital A Wealth Management LLC lifted its stake in Intercontinental Exchange by 26,000.0% during the second quarter. Capital A Wealth Management LLC now owns 261 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 260 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Up 0.3%

ICE stock opened at $159.12 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $90.36 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.71 and a beta of 1.03. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35. The company’s 50 day simple moving average is $164.52 and its 200-day simple moving average is $162.33.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the business posted $1.52 EPS. The company’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 33.28%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $180.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Barclays set a $193.00 target price on Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $195.00 target price (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $194.73.

Insiders Place Their Bets

In other news, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $154.00, for a total transaction of $383,460.00. Following the transaction, the chief financial officer owned 27,679 shares in the company, valued at approximately $4,262,566. The trade was a 8.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 3,865 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $153.73, for a total value of $594,166.45. Following the transaction, the president directly owned 165,304 shares in the company, valued at $25,412,183.92. The trade was a 2.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 348,418 shares of company stock valued at $54,196,631 over the last quarter. 1.00% of the stock is owned by insiders.

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.