Intercontinental Exchange Inc. (NYSE:ICE) Shares Sold by CenterBook Partners LP

CenterBook Partners LP lessened its stake in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 84.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,459 shares of the financial services provider's stock after selling 50,987 shares during the quarter. CenterBook Partners LP's holdings in Intercontinental Exchange were worth $1,632,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. VeraBank N.A. increased its position in Intercontinental Exchange by 47.3% during the first quarter. VeraBank N.A. now owns 5,604 shares of the financial services provider's stock valued at $967,000 after acquiring an additional 1,800 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Intercontinental Exchange by 11.7% during the first quarter. Chicago Partners Investment Group LLC now owns 2,651 shares of the financial services provider's stock valued at $468,000 after acquiring an additional 277 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Intercontinental Exchange by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,277,229 shares of the financial services provider's stock valued at $565,322,000 after acquiring an additional 44,320 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new position in Intercontinental Exchange during the first quarter valued at $29,437,000. Finally, Citizens Financial Group Inc. RI increased its position in Intercontinental Exchange by 5.1% during the first quarter. Citizens Financial Group Inc. RI now owns 11,828 shares of the financial services provider's stock valued at $2,040,000 after acquiring an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Piper Sandler increased their target price on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday. Morgan Stanley increased 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. Bank of America dropped their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange has an average rating of "Moderate Buy" and an average price target of $194.42.

Insider Transactions at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $177.48, for a total value of $283,968.00. Following the completion of the transaction, the senior vice president directly owned 27,313 shares of the company's stock, valued at $4,847,511.24. This represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO James W. Namkung sold 612 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $180.00, for a total value of $110,160.00. Following the completion of the sale, the chief accounting officer directly owned 13,220 shares of the company's stock, valued at $2,379,600. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 226,119 shares of company stock valued at $40,524,217 over the last three months. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Trading Up 0.6%

Shares of NYSE ICE traded up $1.03 during trading on Wednesday, hitting $180.82. 1,629,639 shares of the company were exchanged, compared to its average volume of 2,951,024. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $183.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day moving average price of $178.71 and a 200-day moving average price of $168.14. The firm has a market capitalization of $103.72 billion, a PE ratio of 37.44, a P/E/G ratio of 1.98 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. Intercontinental Exchange's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS. As a group, equities research analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.06%. Intercontinental Exchange's dividend payout ratio is presently 39.75%.

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.