National Pension Service Buys 14,909 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

National Pension Service increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 887,976 shares of the financial services provider’s stock after purchasing an additional 14,909 shares during the period. National Pension Service owned 0.16% of Intercontinental Exchange worth $114,043,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Meridian Wealth Advisors LLC boosted its position in shares of Intercontinental Exchange by 4.0% in the fourth quarter. Meridian Wealth Advisors LLC now owns 32,932 shares of the financial services provider’s stock valued at $4,229,000 after acquiring an additional 1,256 shares during the period. Cullen Frost Bankers Inc. lifted its stake in Intercontinental Exchange by 18.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 110,903 shares of the financial services provider’s stock worth $14,243,000 after purchasing an additional 16,991 shares in the last quarter. Everpar Advisors LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at $345,000. Gryphon Financial Partners LLC grew its position in shares of Intercontinental Exchange by 38.9% during the 4th 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 in the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its position in shares of 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 valued at $528,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ICE shares. Piper Sandler boosted their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Keefe, Bruyette & Woods reduced their target price on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Morgan Stanley upped their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $147.92.

Intercontinental Exchange Stock Down 0.2 %

Shares of ICE traded down $0.33 during trading hours on Wednesday, hitting $133.39. The company had a trading volume of 1,397,428 shares, compared to its average volume of 2,406,588. Intercontinental Exchange, Inc. has a 52-week low of $103.81 and a 52-week high of $140.43. The firm has a fifty day moving average price of $134.78 and a 200-day moving average price of $126.35. The stock has a market capitalization of $76.51 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.14 and a beta of 1.02. 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) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 earnings per share. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 5.95 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be paid 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 1.35%. Intercontinental Exchange’s dividend payout ratio is 41.28%.

Insiders Place Their Bets

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

About Intercontinental Exchange

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.