Intercontinental Exchange Inc. $ICE Shares Purchased by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Intercontinental Exchange Inc. by 15.4%, bringing its total to 31,110 shares valued at approximately $5.37 million.
• Several institutional investors, including Fielder Capital Group LLC and GPS Wealth Strategies Group LLC, have also boosted their positions in the company, collectively indicating strong institutional interest as they own 89.30% of the stock.
• Intercontinental Exchange announced a quarterly dividend of $0.48 per share, set to be paid on September 30th, reflecting an annualized dividend yield of 1.1%.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 15.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,110 shares of the financial services provider's stock after acquiring an additional 4,145 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Intercontinental Exchange were worth $5,373,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Fielder Capital Group LLC boosted its position in shares of Intercontinental Exchange by 2.2% during the 1st quarter. Fielder Capital Group LLC now owns 2,808 shares of the financial services provider's stock worth $484,000 after acquiring an additional 61 shares in the last quarter. E Fund Management Co. Ltd. boosted its position in shares of Intercontinental Exchange by 4.2% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,500 shares of the financial services provider's stock worth $259,000 after acquiring an additional 61 shares in the last quarter. Berkeley Capital Partners LLC boosted its position in shares of Intercontinental Exchange by 1.1% during the 1st quarter. Berkeley Capital Partners LLC now owns 5,639 shares of the financial services provider's stock worth $973,000 after acquiring an additional 62 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in shares of Intercontinental Exchange by 17.2% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider's stock worth $74,000 after acquiring an additional 63 shares in the last quarter. Finally, Values Added Financial LLC boosted its position in shares of Intercontinental Exchange by 4.4% during the 1st quarter. Values Added Financial LLC now owns 1,533 shares of the financial services provider's stock worth $264,000 after acquiring an additional 64 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Sharon Bowen sold 795 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $183.30, for a total transaction of $145,723.50. Following the completion of the transaction, the director directly owned 15,000 shares of the company's stock, valued at approximately $2,749,500. This represents a 5.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the 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 transaction, the senior vice president directly owned 27,313 shares of the company's stock, valued at approximately $4,847,511.24. This trade represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 442,936 shares of company stock worth $80,227,488. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley upped their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Piper Sandler upped their target price on Intercontinental Exchange from $180.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. UBS Group upped their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Barclays upped their target price on Intercontinental Exchange from $206.00 to $212.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $194.92.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $181.3540 on Thursday. The company has a market cap of $103.81 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. The stock has a 50 day simple moving average of $182.19 and a 200-day simple moving average of $173.81. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. 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 (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.77 by $0.04. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

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

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.

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