Schroder Investment Management Group Buys 83,567 Shares of Intercontinental Exchange Inc. $ICE

Key Points

• Schroder Investment Management Group raised its stake in Intercontinental Exchange by 8.9%, purchasing 83,567 shares to hold 1,022,646 shares worth about $171.8 million (≈0.18% of the company).
• ICE beat quarterly expectations with $1.71 EPS vs. $1.67 expected and $3.14 billion in revenue (up 7.8% year‑over‑year), reporting a 26.23% net margin and 13.99% return on equity.
• Analysts carry a consensus Buy rating with a $194.73 average price target; the company has a $94.2 billion market cap, pays a $0.52 quarterly dividend (1.3% yield), but insiders have sold roughly 350,018 shares (~$54.5M) in the past three months.

Schroder Investment Management Group raised its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 8.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,022,646 shares of the financial services provider's stock after purchasing an additional 83,567 shares during the period. Schroder Investment Management Group owned 0.18% of Intercontinental Exchange worth $171,794,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ICE. Diversify Advisory Services LLC boosted its position in Intercontinental Exchange by 79.0% during the third quarter. Diversify Advisory Services LLC now owns 3,223 shares of the financial services provider's stock valued at $543,000 after acquiring an additional 1,422 shares during the last quarter. Altman Advisors Inc. raised its position in shares of Intercontinental Exchange by 0.7% in the 3rd quarter. Altman Advisors Inc. now owns 13,046 shares of the financial services provider's stock worth $2,198,000 after acquiring an additional 93 shares in the last quarter. Hartford Funds Management Co LLC acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at about $707,000. Rathbones Group PLC boosted its position in shares of Intercontinental Exchange by 4.4% during the 3rd quarter. Rathbones Group PLC now owns 589,217 shares of the financial services provider's stock valued at $99,271,000 after purchasing an additional 24,942 shares in the last quarter. Finally, Vinva Investment Management Ltd grew its stake in Intercontinental Exchange by 24.2% during the third quarter. Vinva Investment Management Ltd now owns 49,289 shares of the financial services provider's stock worth $8,280,000 after purchasing an additional 9,589 shares during the period. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Price Performance

Shares of ICE opened at $165.87 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64. The business's fifty day moving average is $164.77 and its 200 day moving average is $162.68. Intercontinental Exchange Inc. has a 12-month low of $143.17 and a 12-month high of $189.35. The stock has a market cap of $94.19 billion, a P/E ratio of 28.75, a P/E/G ratio of 1.73 and a beta of 1.04.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm earned $1.52 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. Intercontinental Exchange's payout ratio is presently 33.28%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays set a $193.00 price objective on shares of Intercontinental Exchange and gave the stock an "overweight" rating in a research report on Friday, February 6th. Royal Bank Of Canada reissued an "outperform" rating and set a $180.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Raymond James Financial restated a "strong-buy" rating and issued a $211.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Exchange from a "hold" rating to a "buy" rating and set a $188.00 price target for the company in a research note on Friday. Finally, UBS Group reiterated a "buy" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $194.73.

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 4,571 shares of the company's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $162.00, for a total value of $740,502.00. Following the completion of the sale, the general counsel owned 48,181 shares in the company, valued at $7,805,322. This represents a 8.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Benjamin Jackson sold 3,865 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.73, for a total transaction of $594,166.45. Following the completion of the sale, the president owned 165,304 shares of the company's stock, valued at approximately $25,412,183.92. This represents a 2.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 350,018 shares of company stock valued at $54,457,751 in the last three months. Insiders own 1.00% of the company's stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange NYSE: ICE is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.

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