WealthShield Partners LLC Has $4.44 Million Holdings in Intercontinental Exchange Inc. (NYSE:ICE)

Key Points

• WealthShield Partners LLC increased its stake in Intercontinental Exchange by 6.3%, acquiring an additional 1,529 shares to bring its total holdings to 25,739 shares valued at approximately $4.44 million.
• Intercontinental Exchange reported an earnings per share of $1.81 for the recent quarter, surpassing analysts' expectations of $1.77, with revenues of $3.26 billion compared to estimates of $2.50 billion.
• The company announced a quarterly dividend of $0.48, equating to an annual yield of 1.0%, which will be paid to shareholders on September 30th.

WealthShield Partners LLC raised its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 6.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,739 shares of the financial services provider's stock after purchasing an additional 1,529 shares during the quarter. WealthShield Partners LLC's holdings in Intercontinental Exchange were worth $4,440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Intercontinental Exchange by 1.4% in the first quarter. Vanguard Group Inc. now owns 52,940,356 shares of the financial services provider's stock valued at $9,132,211,000 after buying an additional 712,179 shares in the last quarter. Royal Bank of Canada lifted its stake in Intercontinental Exchange by 132.9% in the 4th quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock valued at $1,359,173,000 after purchasing an additional 5,204,309 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Intercontinental Exchange by 9.7% during the fourth quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock worth $1,105,953,000 after buying an additional 655,247 shares in the last quarter. Independent Franchise Partners LLP lifted its stake in shares of Intercontinental Exchange by 20.8% in the 4th quarter. Independent Franchise Partners LLP now owns 6,160,836 shares of the financial services provider's stock valued at $918,026,000 after acquiring an additional 1,062,904 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Intercontinental Exchange by 50.6% during the 1st quarter. Bank of New York Mellon Corp now owns 5,933,532 shares of the financial services provider's stock valued at $1,023,534,000 after acquiring an additional 1,993,084 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Sharon Bowen sold 794 shares of Intercontinental Exchange stock in a transaction on Friday, July 25th. The shares were sold at an average price of $185.00, for a total value of $146,890.00. Following the completion of the sale, the director owned 14,206 shares in the company, valued at $2,628,110. The trade was a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $179.12, for a total transaction of $689,253.76. Following the transaction, the general counsel owned 48,480 shares in the company, valued at $8,683,737.60. The trade was a 7.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,913 shares of company stock valued at $40,671,107 over the last ninety days. Insiders own 1.00% of the company's stock.

Intercontinental Exchange Trading Down 0.8%

Shares of NYSE:ICE traded down $1.49 during trading on Friday, reaching $186.53. The stock had a trading volume of 2,783,624 shares, compared to its average volume of 2,992,694. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $189.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The firm's fifty day moving average is $181.53 and its 200 day moving average is $172.29. The stock has a market cap of $106.77 billion, a price-to-earnings ratio of 35.80, a P/E/G ratio of 2.23 and a beta of 1.11.

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. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The business's quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS 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 paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.0%. Intercontinental Exchange's dividend payout ratio is currently 36.85%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group upped their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Piper Sandler boosted their price target on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Morgan Stanley upped their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Barclays upped their price target on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.92.

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.