Ulland Investment Advisors LLC Has $1.57 Million Position in Intercontinental Exchange Inc. $ICE

Ulland Investment Advisors LLC grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 54.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,664 shares of the financial services provider’s stock after acquiring an additional 3,394 shares during the period. Intercontinental Exchange makes up 1.3% of Ulland Investment Advisors LLC’s portfolio, making the stock its 21st biggest position. Ulland Investment Advisors LLC’s holdings in Intercontinental Exchange were worth $1,565,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ICE. ICONIQ Capital LLC raised its position in Intercontinental Exchange by 2.2% in the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 56 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in Intercontinental Exchange by 0.5% during the third quarter. Cascade Investment Advisors Inc. now owns 13,766 shares of the financial services provider’s stock valued at $2,319,000 after purchasing an additional 65 shares during the period. Private Wealth Management Group LLC increased its holdings in Intercontinental Exchange by 59.5% during the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 66 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in Intercontinental Exchange by 3.2% during the third quarter. Ipswich Investment Management Co. Inc. now owns 2,248 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 70 shares during the last quarter. Finally, Boston Trust Walden Corp grew its stake in Intercontinental Exchange by 3.9% in the third quarter. Boston Trust Walden Corp now owns 1,873 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE ICE opened at $158.54 on Monday. The firm’s 50-day simple moving average is $164.02 and its two-hundred day simple moving average is $161.52. The company has a market cap of $90.04 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 1.71 and a beta of 1.04. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64.

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

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 36.05%.

Analyst Ratings Changes

A number of analysts have recently issued reports on ICE shares. Barclays set a $193.00 price objective on Intercontinental Exchange and gave the company an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a report on Friday, March 6th. Finally, Piper Sandler reiterated an “overweight” rating and set a $195.00 target price (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $194.73.

Insider Activity at Intercontinental Exchange

In other news, insider Lynn C. Martin sold 13,456 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the completion of the sale, the insider owned 54,319 shares of the company’s stock, valued at $8,357,521.34. The trade was a 19.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 11,303 shares of the company’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 completion of the sale, the insider owned 14,266 shares of the company’s stock, valued at $2,194,396.12. This trade represents a 44.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 348,418 shares of company stock valued at $54,196,631 in the last quarter. 1.00% of the stock is currently owned by company 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.