Vaughan David Investments LLC IL Buys 5,200 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Vaughan David Investments LLC IL raised its stake in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 279,783 shares of the financial services provider’s stock after acquiring an additional 5,200 shares during the period. Vaughan David Investments LLC IL owned approximately 0.05% of Intercontinental Exchange worth $35,933,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in shares of Intercontinental Exchange by 219.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after buying an additional 8,348,126 shares in the last quarter. Norges Bank purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth $579,605,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Intercontinental Exchange by 45.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,114,267 shares of the financial services provider’s stock worth $1,755,753,000 after buying an additional 5,354,161 shares in the last quarter. Morgan Stanley grew its stake in shares of Intercontinental Exchange by 18.9% in the 4th quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider’s stock worth $2,606,466,000 after buying an additional 4,044,744 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Intercontinental Exchange by 59.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,275,418 shares of the financial services provider’s stock worth $564,869,000 after buying an additional 1,589,999 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Up 0.0 %

ICE traded up $0.02 on Friday, reaching $133.50. 3,255,755 shares of the company traded hands, compared to its average volume of 2,404,022. Intercontinental Exchange, Inc. has a one year low of $103.81 and a one year high of $140.43. The firm has a fifty day simple moving average of $136.13 and a two-hundred day simple moving average of $123.50. The company has a market cap of $76.44 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the business posted $1.25 EPS. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.45 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.35%. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s payout ratio is currently 42.86%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $152.00 price objective on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Piper Sandler lifted 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. Raymond James lifted their price target on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 5th. Barclays lifted their price target on shares of Intercontinental Exchange from $153.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Citigroup lifted their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.08.

View Our Latest Report on Intercontinental Exchange

Insider Activity

In other news, CFO Warren Gardiner sold 2,176 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the sale, the chief financial officer now owns 12,061 shares in the company, valued at approximately $1,640,296. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Elizabeth Kathryn King sold 3,783 shares of the business’s 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 $499,469.49. Following the completion of the transaction, the insider now owns 17,242 shares in the company, valued at approximately $2,276,461.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Warren Gardiner sold 2,176 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $136.00, for a total transaction of $295,936.00. Following the transaction, the chief financial officer now owns 12,061 shares of the company’s stock, valued at approximately $1,640,296. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,491 shares of company stock worth $21,454,204. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Profile

(Free Report)

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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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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