Intercontinental Exchange Inc. (NYSE:ICE) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management grew its position in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 267.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,452 shares of the financial services provider's stock after purchasing an additional 13,433 shares during the period. Dakota Wealth Management's holdings in Intercontinental Exchange were worth $3,183,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Intercontinental Exchange by 51.3% in the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock valued at $514,000 after acquiring an additional 1,169 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Intercontinental Exchange by 37.1% during the fourth quarter. Proficio Capital Partners LLC now owns 2,238 shares of the financial services provider's stock worth $333,000 after buying an additional 606 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Intercontinental Exchange by 6.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 39,921 shares of the financial services provider's stock worth $5,949,000 after buying an additional 2,469 shares during the last quarter. one8zero8 LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth about $285,000. Finally, Glenview Trust co grew its holdings in shares of Intercontinental Exchange by 19.0% during the fourth quarter. Glenview Trust co now owns 5,408 shares of the financial services provider's stock worth $806,000 after buying an additional 864 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Sharon Bowen sold 795 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $183.30, for a total value of $145,723.50. Following the transaction, the director owned 15,000 shares in the company, valued at $2,749,500. The trade was a 5.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO James W. Namkung sold 612 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $180.00, for a total transaction of $110,160.00. Following the completion of the transaction, the chief accounting officer owned 13,220 shares in the company, valued at $2,379,600. This represents a 4.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 226,119 shares of company stock worth $40,524,217. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of ICE traded up $0.79 during mid-day trading on Wednesday, reaching $180.58. 588,705 shares of the company's stock were exchanged, compared to its average volume of 2,950,474. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $178.71 and a two-hundred day simple moving average of $168.14. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $183.99. The company has a market cap of $103.58 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 2.00 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 for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. During the same period last year, the company posted $1.48 EPS. The company's revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

Analysts Set New Price Targets

ICE has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Intercontinental Exchange from $198.00 to $206.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Piper Sandler raised their price objective on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Bank of America reduced their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, UBS Group raised their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $194.42.

About Intercontinental Exchange

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.