Consolidated Planning Corp Buys 1,139 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Consolidated Planning Corp boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 7.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,430 shares of the financial services provider’s stock after purchasing an additional 1,139 shares during the period. Consolidated Planning Corp’s holdings in Intercontinental Exchange were worth $2,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ICE. Wellington Management Group LLP increased its position in Intercontinental Exchange by 219.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock valued at $1,336,371,000 after buying an additional 8,348,126 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Intercontinental Exchange by 21.1% in the 3rd quarter. Invesco Ltd. now owns 6,073,725 shares of the financial services provider’s stock worth $668,231,000 after purchasing an additional 1,058,536 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Intercontinental Exchange by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock worth $5,162,041,000 after purchasing an additional 1,012,034 shares in the last quarter. Barclays PLC increased its holdings in shares of Intercontinental Exchange by 58.8% in the 3rd quarter. Barclays PLC now owns 2,374,570 shares of the financial services provider’s stock worth $261,251,000 after purchasing an additional 879,646 shares in the last quarter. Finally, Third Point LLC increased its holdings in shares of Intercontinental Exchange by 29.2% in the 3rd quarter. Third Point LLC now owns 2,389,934 shares of the financial services provider’s stock worth $262,941,000 after purchasing an additional 539,934 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE ICE traded down $0.12 on Friday, hitting $131.70. 2,406,708 shares of the company traded hands, compared to its average volume of 2,148,893. The company has a market capitalization of $75.41 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 2.16 and a beta of 1.02. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average price is $135.86 and its 200-day moving average price is $125.19. Intercontinental Exchange, Inc. has a 52-week low of $103.81 and a 52-week high of $140.43.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The business’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. Equities analysts expect that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, March 14th. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 42.86%.

Wall Street Analyst Weigh In

A number of research firms have commented on ICE. Bank of America reduced their target price on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a report on Friday, April 19th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $152.00 price target on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Rosenblatt Securities raised their price target on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Piper Sandler raised 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. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.08.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,176 shares of the firm’s stock in a transaction dated 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 directly owns 12,061 shares of the company’s stock, valued at $1,640,296. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Judith A. Sprieser sold 2,238 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $137.36, for a total value of $307,411.68. Following the sale, the director now directly owns 29,347 shares in the company, valued at $4,031,103.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Warren Gardiner sold 2,176 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was 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 in the company, 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 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Company 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.