Everpar Advisors LLC Invests $345,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

Everpar Advisors LLC bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,685 shares of the financial services provider’s stock, valued at approximately $345,000.

Other institutional investors have also bought and sold shares of the company. Gryphon Financial Partners LLC raised its holdings in shares of Intercontinental Exchange by 38.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 4,356 shares of the financial services provider’s stock valued at $511,000 after purchasing an additional 1,220 shares during the period. Moss Adams Wealth Advisors LLC raised its stake in Intercontinental Exchange by 5.6% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,114 shares of the financial services provider’s stock worth $528,000 after buying an additional 220 shares during the period. Simmons Bank boosted its holdings in Intercontinental Exchange by 4.1% in the fourth quarter. Simmons Bank now owns 27,832 shares of the financial services provider’s stock worth $3,574,000 after acquiring an additional 1,090 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Intercontinental Exchange by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,009,313 shares of the financial services provider’s stock valued at $386,486,000 after acquiring an additional 78,138 shares during the period. Finally, Welch & Forbes LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $214,000. Institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the subject of several research reports. UBS Group lifted their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, February 12th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Piper Sandler boosted their price objective on Intercontinental Exchange from $135.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Citigroup increased their price objective on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, Morgan Stanley lifted their target price on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.92.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the transaction, the general counsel now owns 48,713 shares in the company, valued at $6,417,450.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were acquired at an average price of $0.87 per share, with a total value of $305,265.60. Following the acquisition, the insider now owns 649,934 shares of the company’s stock, valued at approximately $565,442.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 341 shares of Intercontinental Exchange stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the transaction, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,832 shares of company stock worth $21,499,127. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE ICE traded down $0.33 during trading hours on Wednesday, reaching $133.39. 1,397,428 shares of the company were exchanged, compared to its average volume of 2,406,588. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $76.51 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.14 and a beta of 1.02. Intercontinental Exchange, Inc. has a 1 year low of $103.81 and a 1 year high of $140.43. The business’s 50 day simple moving average is $134.78 and its 200-day simple moving average is $126.35.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, hitting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company 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 firm posted $1.41 EPS. Intercontinental Exchange’s revenue was up 20.8% on a year-over-year basis. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, June 13th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 41.28%.

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.