World Investment Advisors Has $1.87 Million Stock Position in Intercontinental Exchange Inc. (NYSE:ICE)

World Investment Advisors decreased its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 16.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,861 shares of the financial services provider's stock after selling 2,064 shares during the period. World Investment Advisors' holdings in Intercontinental Exchange were worth $1,873,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ICE. Governors Lane LP grew its stake in Intercontinental Exchange by 88.0% in the fourth quarter. Governors Lane LP now owns 127,100 shares of the financial services provider's stock valued at $18,939,000 after acquiring an additional 59,500 shares during the period. Tema Etfs LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth about $1,107,000. Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Intercontinental Exchange by 61.0% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 157,800 shares of the financial services provider's stock worth $23,514,000 after acquiring an additional 59,800 shares in the last quarter. SouthState Corp grew its position in Intercontinental Exchange by 4.5% in the fourth quarter. SouthState Corp now owns 66,417 shares of the financial services provider's stock valued at $9,897,000 after purchasing an additional 2,851 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Intercontinental Exchange by 18.3% in the first quarter. Sequoia Financial Advisors LLC now owns 12,168 shares of the financial services provider's stock valued at $2,099,000 after acquiring an additional 1,879 shares during the last quarter. Institutional investors own 89.30% of the company's stock.

Insider Activity

In other news, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the sale, the chief executive officer directly owned 2,101,705 shares of the company's stock, valued at approximately $376,667,570.10. This represents a 6.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO James W. Namkung sold 612 shares of the business's stock in a transaction dated 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 transaction, the chief accounting officer directly owned 13,220 shares of the company's stock, valued at approximately $2,379,600. This trade represents a 4.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 228,749 shares of company stock worth $40,942,387. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded up $0.28 during trading on Thursday, reaching $182.44. The company's stock had a trading volume of 900,826 shares, compared to its average volume of 2,976,308. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $183.99. The firm has a market cap of $104.65 billion, a PE ratio of 37.75, a P/E/G ratio of 1.95 and a beta of 1.11. The business's 50-day moving average price is $178.11 and its 200-day moving average price is $167.17. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $1.48 earnings per share. Equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.05%. Intercontinental Exchange's dividend payout ratio is presently 39.75%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ICE shares. Barclays boosted their price target on Intercontinental Exchange from $198.00 to $206.00 and gave the stock an "overweight" rating in a research report on Thursday. Keefe, Bruyette & Woods boosted 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. 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 research report on Tuesday. Bank of America decreased 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, Morgan Stanley upped their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.58.

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.