Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 26.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,844 shares of the financial services provider’s stock after buying an additional 385 shares during the quarter. Lindbrook Capital LLC’s holdings in Intercontinental Exchange were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. abrdn plc lifted its position in Intercontinental Exchange by 12.5% during the fourth quarter. abrdn plc now owns 621,050 shares of the financial services provider’s stock valued at $79,761,000 after purchasing an additional 69,174 shares during the period. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Intercontinental Exchange in the fourth quarter worth about $239,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Intercontinental Exchange in the fourth quarter worth about $255,000. Ninepoint Partners LP purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $678,000. Finally, HTLF Bank purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $403,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Up 0.3 %

Shares of ICE stock opened at $131.65 on Tuesday. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43. The firm has a market capitalization of $75.39 billion, a P/E ratio of 31.35, a PEG ratio of 2.08 and a beta of 1.02. The stock’s fifty day moving average is $136.20 and its two-hundred day moving average is $124.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the business posted $1.25 earnings per share. Intercontinental Exchange’s quarterly revenue was up 24.5% on a year-over-year basis. Research analysts expect that Intercontinental Exchange, Inc. will post 5.98 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, March 14th. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 42.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ICE shares. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $152.00 price target on shares of Intercontinental Exchange in a research report on Thursday, April 4th. JPMorgan Chase & Co. lifted their price objective on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Rosenblatt Securities increased their target price on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Piper Sandler lifted their price target on Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.08.

Insider Buying and Selling

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,182 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $156,059.46. Following the completion of the sale, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO James W. Namkung sold 1,182 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total value of $156,059.46. Following the completion of the sale, the chief accounting officer now owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Warren Gardiner sold 500 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $138.83, for a total transaction of $69,415.00. Following the sale, the chief financial officer now directly owns 18,326 shares in the company, valued at approximately $2,544,198.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,491 shares of company stock worth $21,454,204. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Company Profile

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.