TIAA Trust National Association Boosts Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

TIAA Trust National Association boosted its position in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,721 shares of the financial services provider’s stock after purchasing an additional 1,367 shares during the period. TIAA Trust National Association’s holdings in Intercontinental Exchange were worth $1,505,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth $28,000. Jones Financial Companies Lllp bought a new position in shares of Intercontinental Exchange in the third quarter worth $26,000. OFI Invest Asset Management bought a new position in shares of Intercontinental Exchange in the third quarter worth $25,000. BKM Wealth Management LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth $31,000. Finally, First Capital Advisors Group LLC. bought a new position in shares of Intercontinental Exchange in the second quarter worth $35,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 0.0 %

NYSE ICE opened at $137.48 on Thursday. The stock’s 50-day simple moving average is $135.03 and its two-hundred day simple moving average is $122.56. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month high of $140.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $78.72 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 2.44 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 24.5% on a year-over-year basis. Research analysts forecast that Intercontinental Exchange, Inc. will post 5.93 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.45 per share. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.86%.

Analyst Ratings Changes

A number of equities analysts have recently commented on ICE shares. Piper Sandler raised their price target on Intercontinental Exchange from $135.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. JPMorgan Chase & Co. increased their price objective on Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Raymond James increased their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 5th. Barclays increased their price objective on Intercontinental Exchange from $148.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Finally, Citigroup increased their price objective on Intercontinental Exchange from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

View Our Latest Analysis on Intercontinental Exchange

Insider Activity

In other news, CAO James W. Namkung sold 1,182 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total transaction of $156,059.46. Following the transaction, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at $2,164,763.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO James W. Namkung sold 1,182 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total transaction of $156,059.46. Following the transaction, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at $2,164,763.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Warren Gardiner sold 2,176 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $136.00, for a total value of $295,936.00. Following the transaction, the chief financial officer now directly owns 12,061 shares in the company, valued at $1,640,296. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,103 shares of company stock valued at $13,442,786. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Profile

(Free Report)

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.

See Also

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

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