Marks Group Wealth Management Inc Increases Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Marks Group Wealth Management Inc increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 107,036 shares of the financial services provider’s stock after purchasing an additional 988 shares during the quarter. Intercontinental Exchange accounts for approximately 1.6% of Marks Group Wealth Management Inc’s holdings, making the stock its 6th largest position. Marks Group Wealth Management Inc’s holdings in Intercontinental Exchange were worth $13,747,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vinva Investment Management Ltd increased its stake in Intercontinental Exchange by 0.6% in the 3rd quarter. Vinva Investment Management Ltd now owns 16,736 shares of the financial services provider’s stock worth $1,855,000 after buying an additional 93 shares in the last quarter. Timber Creek Capital Management LLC grew its position in shares of Intercontinental Exchange by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 34,466 shares of the financial services provider’s stock valued at $4,426,000 after purchasing an additional 94 shares in the last quarter. HBK Sorce Advisory LLC grew its position in shares of Intercontinental Exchange by 4.8% during the third quarter. HBK Sorce Advisory LLC now owns 2,116 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 97 shares in the last quarter. West Coast Financial LLC grew its position in shares of Intercontinental Exchange by 4.6% during the fourth quarter. West Coast Financial LLC now owns 2,248 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 98 shares in the last quarter. Finally, Savant Capital LLC grew its position in shares of Intercontinental Exchange by 1.5% during the third quarter. Savant Capital LLC now owns 6,946 shares of the financial services provider’s stock valued at $764,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

ICE has been the subject of a number of research analyst reports. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Barclays raised their price objective on Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Bank of America cut their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Friday. Piper Sandler increased their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $148.08.

Intercontinental Exchange Trading Up 0.3 %

NYSE ICE traded up $0.44 during trading on Monday, hitting $131.65. The stock had a trading volume of 1,864,690 shares, compared to its average volume of 2,390,983. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $75.39 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 2.08 and a beta of 1.02. Intercontinental Exchange, Inc. has a one year low of $103.81 and a one year high of $140.43. The stock has a 50 day simple moving average of $136.20 and a 200 day simple moving average of $124.80.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 earnings per share. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 5.98 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

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

Insider Activity

In other news, CFO Warren Gardiner sold 2,176 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.00, for a total transaction of $295,936.00. Following the completion of the sale, the chief financial officer now owns 12,061 shares of the company’s stock, valued at $1,640,296. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Warren Gardiner sold 2,176 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.00, for a total transaction of $295,936.00. Following the completion of the sale, the chief financial officer now owns 12,061 shares of the company’s stock, valued at $1,640,296. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James W. Namkung sold 1,182 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $156,059.46. Following the sale, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,491 shares of company stock valued at $21,454,204. Corporate insiders own 1.10% of the company’s stock.

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.