Capital Analysts LLC Acquires 1,490 Shares of Intercontinental Exchange Inc. $ICE

Key Points

• Capital Analysts LLC increased its stake in Intercontinental Exchange Inc. by 2.7%, acquiring an additional 1,490 shares, bringing its total holdings to 56,004 shares valued at approximately $9.66 million.
• A number of institutional investors have boosted their positions in Intercontinental Exchange, with Vanguard Group increasing its holdings by 1.4% and Royal Bank of Canada raising its stake by 132.9% recently.
• Analysts have set new price targets for Intercontinental Exchange, with Morgan Stanley raising its target from $181.00 to $192.00, while Barclays increased its target from $206.00 to $212.00, reflecting positive sentiment towards the stock.

Capital Analysts LLC boosted its position in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,004 shares of the financial services provider's stock after acquiring an additional 1,490 shares during the period. Capital Analysts LLC's holdings in Intercontinental Exchange were worth $9,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Intercontinental Exchange by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 52,940,356 shares of the financial services provider's stock worth $9,132,211,000 after acquiring an additional 712,179 shares during the period. Royal Bank of Canada boosted its stake in Intercontinental Exchange by 132.9% in the fourth quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock worth $1,359,173,000 after purchasing an additional 5,204,309 shares in the last quarter. Northern Trust Corp grew its holdings in Intercontinental Exchange by 9.7% during the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock worth $1,105,953,000 after acquiring an additional 655,247 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Intercontinental Exchange by 113.9% in the first quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider's stock valued at $1,025,230,000 after purchasing an additional 3,165,381 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Intercontinental Exchange by 50.6% during the first quarter. Bank of New York Mellon Corp now owns 5,933,532 shares of the financial services provider's stock worth $1,023,534,000 after acquiring an additional 1,993,084 shares during the last quarter. Institutional investors own 89.30% of the company's stock.

Analysts Set New Price Targets

ICE has been the subject of a number of analyst reports. 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 report on Monday, May 5th. Barclays boosted their price objective on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. UBS Group boosted their price target on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Piper Sandler raised their price objective on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average target price of $194.92.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Sharon Bowen sold 795 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $183.30, for a total value of $145,723.50. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at $2,749,500. This trade represents a 5.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $183.09, for a total value of $27,463,500.00. Following the sale, the chief executive officer owned 1,951,705 shares in the company, valued at $357,337,668.45. The trade was a 7.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 443,488 shares of company stock valued at $80,323,823 in the last three months. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $178.0380 on Wednesday. The company has a fifty day moving average price of $182.12 and a 200 day moving average price of $173.76. The firm has a market cap of $101.91 billion, a PE ratio of 34.17, a PEG ratio of 2.11 and a beta of 1.11. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.04. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 earnings per share. Research analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.1%. Intercontinental Exchange's payout ratio is 36.85%.

Intercontinental Exchange 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.

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