34,437 Shares in Intercontinental Exchange Inc. $ICE Purchased by Mirador Capital Partners LP

Mirador Capital Partners LP acquired a new stake in Intercontinental Exchange Inc. (NYSE:ICEFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,437 shares of the financial services provider’s stock, valued at approximately $5,577,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its position in Intercontinental Exchange by 0.8% during the third quarter. State Street Corp now owns 24,816,744 shares of the financial services provider’s stock worth $4,181,125,000 after acquiring an additional 194,325 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Intercontinental Exchange by 64.7% in the third quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock valued at $1,744,480,000 after purchasing an additional 4,067,922 shares during the last quarter. Norges Bank purchased a new position in shares of Intercontinental Exchange during the 2nd quarter worth approximately $1,542,780,000. Capital World Investors increased its stake in shares of Intercontinental Exchange by 15.2% during the 3rd quarter. Capital World Investors now owns 7,028,964 shares of the financial services provider’s stock worth $1,184,238,000 after purchasing an additional 928,047 shares in the last quarter. Finally, Sands Capital Management LLC raised its position in shares of Intercontinental Exchange by 6.9% during the 3rd quarter. Sands Capital Management LLC now owns 5,677,266 shares of the financial services provider’s stock worth $956,506,000 after purchasing an additional 364,227 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 12,861 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the transaction, the president directly owned 165,692 shares in the company, valued at approximately $27,339,180. This represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 11,303 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $153.82, for a total value of $1,738,627.46. Following the completion of the sale, the insider directly owned 14,266 shares in the company, valued at approximately $2,194,396.12. The trade was a 44.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 348,418 shares of company stock valued at $54,196,631. Corporate insiders own 1.00% of the company’s stock.

More Intercontinental Exchange News

Here are the key news stories impacting Intercontinental Exchange this week:

Analysts Set New Price Targets

A number of research firms recently issued reports on ICE. Piper Sandler reaffirmed an “overweight” rating and issued a $195.00 target price (down from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $180.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Barclays set a $193.00 price objective on Intercontinental Exchange and gave the company an “overweight” rating in a research report on Friday, February 6th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Finally, Morgan Stanley set a $183.00 price objective on Intercontinental Exchange and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $194.73.

Read Our Latest Stock Analysis on Intercontinental Exchange

Intercontinental Exchange Stock Down 2.1%

Shares of NYSE ICE opened at $152.68 on Friday. The firm has a market cap of $86.71 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 1.68 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. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35. The firm’s 50 day moving average price is $162.52 and its 200 day moving average price is $161.05.

Intercontinental Exchange (NYSE:ICEGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share 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 during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the firm posted $1.52 EPS. Intercontinental Exchange’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

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 paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 36.05%.

About Intercontinental Exchange

(Free Report)

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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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