Capitolis Liquid Global Markets LLC Buys New Holdings in Intercontinental Exchange Inc. $ICE

Capitolis Liquid Global Markets LLC purchased a new position in Intercontinental Exchange Inc. (NYSE:ICE) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 27,250 shares of the financial services provider’s stock, valued at approximately $4,591,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at $1,542,780,000. Wellington Management Group LLP raised its holdings in shares of Intercontinental Exchange by 64.7% during the third quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock worth $1,744,480,000 after purchasing an additional 4,067,922 shares during the last quarter. Sands Capital Management LLC lifted its position in Intercontinental Exchange by 97.3% during the second quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after purchasing an additional 2,620,310 shares during the period. Mawer Investment Management Ltd. lifted its position in Intercontinental Exchange by 179.1% during the third quarter. Mawer Investment Management Ltd. now owns 2,472,366 shares of the financial services provider’s stock valued at $416,544,000 after purchasing an additional 1,586,620 shares during the period. Finally, Waverton Investment Management Ltd boosted its holdings in Intercontinental Exchange by 28,886.8% in the third quarter. Waverton Investment Management Ltd now owns 1,526,734 shares of the financial services provider’s stock valued at $257,163,000 after purchasing an additional 1,521,467 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $159.12 on Monday. The stock has a market capitalization of $90.36 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.72 and a beta of 1.04. The company’s fifty day moving average price is $164.52 and its 200 day moving average price is $162.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. As a group, equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is presently 33.28%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ICE shares. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research note on Friday, March 6th. Piper Sandler restated an “overweight” rating and issued a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $194.73.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 11,303 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $153.82, for a total value of $1,738,627.46. Following the transaction, the insider owned 14,266 shares in the company, valued at approximately $2,194,396.12. This trade represents a 44.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Benjamin Jackson sold 12,861 shares of Intercontinental Exchange stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the sale, the president directly owned 165,692 shares in the company, valued at approximately $27,339,180. This trade represents a 7.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 348,418 shares of company stock valued at $54,196,631. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.