SG Americas Securities LLC lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,705 shares of the financial services provider’s stock after buying an additional 563 shares during the period. SG Americas Securities LLC’s holdings in Intercontinental Exchange were worth $2,472,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. GPS Wealth Strategies Group LLC purchased a new position in Intercontinental Exchange during the first quarter valued at approximately $25,000. Red Tortoise LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth $26,000. OLD Mission Capital LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth $26,000. Concord Wealth Partners acquired a new stake in Intercontinental Exchange during the fourth quarter valued at $27,000. Finally, Private Ocean LLC grew its stake in Intercontinental Exchange by 87.1% in the fourth quarter. Private Ocean LLC now owns 262 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.
Insider Transactions at Intercontinental Exchange
In related news, CFO Warren Gardiner sold 500 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $110.52, for a total value of $55,260.00. Following the completion of the transaction, the chief financial officer now directly owns 16,025 shares in the company, valued at $1,771,083. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Warren Gardiner sold 500 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $110.52, for a total value of $55,260.00. Following the completion of the transaction, the chief financial officer now owns 16,025 shares in the company, valued at approximately $1,771,083. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 1,044 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $115.54, for a total transaction of $120,623.76. Following the transaction, the insider now directly owns 16,256 shares of the company’s stock, valued at $1,878,218.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,978 shares of company stock valued at $10,606,289. 1.10% of the stock is owned by corporate insiders.
Intercontinental Exchange Trading Up 0.5 %
Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its quarterly earnings results on Thursday, May 4th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.01. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. Intercontinental Exchange had a net margin of 14.97% and a return on equity of 12.98%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 5.56 EPS for the current year.
Intercontinental Exchange Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a $0.42 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.45%. Intercontinental Exchange’s dividend payout ratio is currently 65.12%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on ICE shares. Raymond James lifted their price target on Intercontinental Exchange from $127.00 to $130.00 in a report on Tuesday, July 11th. StockNews.com began coverage on shares of Intercontinental Exchange in a research note on Thursday, May 18th. They set a “hold” rating on the stock. UBS Group lifted their price objective on shares of Intercontinental Exchange from $130.00 to $135.00 in a research note on Friday, May 5th. Barclays assumed coverage on Intercontinental Exchange in a report on Wednesday, June 28th. They set an “equal weight” rating and a $123.00 target price on the stock. Finally, Piper Sandler raised their price objective on Intercontinental Exchange from $125.00 to $135.00 in a research note on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $130.00.
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.
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