Findlay Park Partners LLP Lowers Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Findlay Park Partners LLP decreased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,781,769 shares of the financial services provider's stock after selling 46,789 shares during the quarter. Intercontinental Exchange comprises about 2.2% of Findlay Park Partners LLP's investment portfolio, making the stock its 14th biggest position. Findlay Park Partners LLP owned about 0.32% of Intercontinental Exchange worth $228,833,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in shares of Intercontinental Exchange by 4.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider's stock worth $4,534,000 after buying an additional 1,716 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Intercontinental Exchange by 3.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 134,409 shares of the financial services provider's stock worth $14,788,000 after buying an additional 4,405 shares during the period. Chicago Partners Investment Group LLC raised its position in Intercontinental Exchange by 17.2% in the third quarter. Chicago Partners Investment Group LLC now owns 2,421 shares of the financial services provider's stock valued at $261,000 after purchasing an additional 356 shares during the period. Advisor Partners II LLC raised its position in Intercontinental Exchange by 4.1% in the third quarter. Advisor Partners II LLC now owns 24,395 shares of the financial services provider's stock valued at $2,684,000 after purchasing an additional 956 shares during the period. Finally, CENTRAL TRUST Co raised its position in Intercontinental Exchange by 23.3% in the third quarter. CENTRAL TRUST Co now owns 12,049 shares of the financial services provider's stock valued at $1,326,000 after purchasing an additional 2,279 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Buying and Selling

In related news, CFO Warren Gardiner sold 2,176 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $136.00, for a total transaction of $295,936.00. Following the sale, the chief financial officer now owns 12,061 shares of the company's stock, valued at $1,640,296. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the transaction, the insider now owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Warren Gardiner sold 2,176 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $136.00, for a total transaction of $295,936.00. Following the transaction, the chief financial officer now owns 12,061 shares in the company, valued at $1,640,296. The disclosure for this sale can be found here. Insiders have sold a total of 152,867 shares of company stock valued at $20,843,598 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of ICE traded down $0.96 during mid-day trading on Friday, reaching $133.99. 1,933,299 shares of the company's stock traded hands, compared to its average volume of 2,411,587. Intercontinental Exchange, Inc. has a 12 month low of $103.81 and a 12 month high of $140.43. The stock has a market capitalization of $76.85 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02. The business's 50-day moving average price is $134.51 and its 200-day moving average price is $126.64. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting the consensus estimate of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The firm had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.31 billion. During the same quarter in the previous year, the company earned $1.41 earnings per share. The firm's quarterly revenue was up 20.8% compared to the same quarter last year. Equities analysts predict that Intercontinental Exchange, Inc. will post 5.94 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.80 annualized dividend and a yield of 1.34%. Intercontinental Exchange's payout ratio is 41.28%.

Wall Street Analyst Weigh In

Several research firms have commented on ICE. Rosenblatt Securities reissued a "buy" rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a research report on Friday, May 3rd. StockNews.com lowered Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Friday, May 3rd. Citigroup lifted their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, April 4th. UBS Group lifted their price target on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, February 12th. Finally, Piper Sandler lifted their price target on Intercontinental Exchange from $135.00 to $149.00 and gave the stock an "overweight" rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $147.92.

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.