Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 9.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,235,985 shares of the financial services provider's stock after buying an additional 105,042 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.22% of Intercontinental Exchange worth $158,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of Intercontinental Exchange by 27.3% during the 4th quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider's stock worth $7,311,000 after buying an additional 12,208 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Intercontinental Exchange by 7.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 126,854 shares of the financial services provider's stock worth $13,956,000 after buying an additional 8,320 shares during the last quarter. First County Bank CT increased its position in Intercontinental Exchange by 2.7% during the 3rd quarter. First County Bank CT now owns 3,811 shares of the financial services provider's stock worth $419,000 after purchasing an additional 100 shares in the last quarter. CIC Wealth LLC purchased a new stake in Intercontinental Exchange during the 4th quarter worth about $221,000. Finally, Fortitude Family Office LLC purchased a new stake in Intercontinental Exchange during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the business's stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the transaction, the insider now directly owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the acquisition, the insider now owns 7,476,345 shares of the company's stock, valued at $6,504,420.15. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Warren Gardiner sold 2,176 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the sale, the chief financial officer now owns 12,061 shares of the company's stock, valued at $1,640,296. The disclosure for this sale can be found here. Insiders have sold a total of 157,491 shares of company stock valued at $21,454,204 in the last three months. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Down 0.7 %

Intercontinental Exchange stock traded down $0.98 during midday trading on Monday, hitting $136.89. 1,980,786 shares of the company were exchanged, compared to its average volume of 2,401,212. The company's fifty day moving average price is $135.64 and its 200-day moving average price is $123.02. The company has a market cap of $78.39 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. Intercontinental Exchange's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. On average, research analysts predict that Intercontinental Exchange, Inc. will post 5.94 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from Intercontinental Exchange's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. Intercontinental Exchange's dividend payout ratio is presently 42.86%.

Analysts Set New Price Targets

A number of analysts recently commented on ICE shares. JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $142.00 to $151.00 and gave the stock an "overweight" rating in a research report on Friday, February 9th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $152.00 price objective on shares of Intercontinental Exchange in a research report on Thursday. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Wednesday, February 14th. Citigroup lifted their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday. Finally, Piper Sandler lifted their price target on Intercontinental Exchange from $135.00 to $149.00 and gave the company an "overweight" rating in a report on Monday, February 12th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus price target of $146.85.

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.

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