Tema Etfs LLC Invests $1.11 Million in Intercontinental Exchange, Inc. (NYSE:ICE)

Tema Etfs LLC purchased a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,428 shares of the financial services provider's stock, valued at approximately $1,107,000.

Several other large investors have also recently bought and sold shares of ICE. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth $25,000. Redwood Park Advisors LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth $33,000. Lee Danner & Bass Inc. bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth $34,000. BankPlus Trust Department purchased a new position in Intercontinental Exchange in the 4th quarter worth $40,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Intercontinental Exchange in the 4th quarter worth $44,000. 89.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

ICE has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Bank of America decreased their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Barclays lifted their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $185.93.

Insider Activity at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 6,834 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the transaction, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. The trade was a 5.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,468 shares of company stock worth $5,763,545 over the last 90 days. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Trading Down 0.3%

Shares of ICE stock traded down $0.54 during mid-day trading on Tuesday, reaching $176.21. The stock had a trading volume of 2,150,776 shares, compared to its average volume of 2,978,088. The stock's 50-day moving average price is $167.60 and its two-hundred day moving average price is $161.52. Intercontinental Exchange, Inc. has a 52-week low of $131.79 and a 52-week high of $179.44. The firm has a market capitalization of $101.08 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter in the previous year, the company earned $1.48 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.09%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

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.