Sentry Investment Management LLC Has $386,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Sentry Investment Management LLC trimmed its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,007 shares of the financial services provider’s stock after selling 323 shares during the quarter. Sentry Investment Management LLC’s holdings in Intercontinental Exchange were worth $386,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Jefferies Financial Group Inc. increased its holdings in shares of Intercontinental Exchange by 3.8% during the 2nd quarter. Jefferies Financial Group Inc. now owns 2,432 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 88 shares during the last quarter. Vinva Investment Management Ltd lifted its holdings 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 purchasing an additional 93 shares during the last quarter. Timber Creek Capital Management LLC boosted its position in 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 worth $4,426,000 after purchasing an additional 94 shares during the period. Vestcor Inc grew its holdings in Intercontinental Exchange by 0.5% during the fourth quarter. Vestcor Inc now owns 17,924 shares of the financial services provider’s stock valued at $1,839,000 after purchasing an additional 94 shares during the last quarter. Finally, HBK Sorce Advisory LLC raised its position in shares of Intercontinental Exchange by 4.8% in 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 during the period. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Down 2.2 %

Shares of Intercontinental Exchange stock opened at $130.58 on Tuesday. Intercontinental Exchange, Inc. has a 52-week low of $103.81 and a 52-week high of $140.43. The firm has a market capitalization of $74.77 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The company’s fifty day moving average price is $136.30 and its two-hundred day moving average price is $124.03.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the business earned $1.25 EPS. The firm’s revenue was up 24.5% on a year-over-year basis. On average, analysts expect that Intercontinental Exchange, Inc. will post 5.98 EPS for the current year.

Intercontinental Exchange Increases Dividend

The business also recently announced 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 of this dividend was Thursday, March 14th. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.38%. Intercontinental Exchange’s dividend payout ratio is presently 42.86%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ICE. Barclays raised their target price on shares of Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Piper Sandler raised their price target on Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. UBS Group boosted their price objective on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Rosenblatt Securities raised their target price on Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $152.00 price target on shares of Intercontinental Exchange in a report on Thursday, April 4th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.08.

Insider Buying and Selling

In other Intercontinental Exchange news, CFO Warren Gardiner sold 500 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $138.83, for a total value of $69,415.00. Following the sale, the chief financial officer now directly owns 18,326 shares in the company, valued at $2,544,198.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Warren Gardiner sold 500 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $138.83, for a total transaction of $69,415.00. Following the completion of the sale, the chief financial officer now owns 18,326 shares of the company’s stock, valued at $2,544,198.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Elizabeth Kathryn King sold 3,783 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 $499,469.49. Following the completion of the transaction, the insider now owns 17,242 shares of the company’s stock, valued at approximately $2,276,461.26. The disclosure for this sale can be found here. Insiders sold 157,491 shares of company stock worth $21,454,204 in the last 90 days. 1.10% of the stock is owned by company insiders.

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.