National Bank of Canada FI Sells 79,602 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

National Bank of Canada FI lessened its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 24.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 244,104 shares of the financial services provider’s stock after selling 79,602 shares during the period. National Bank of Canada FI’s holdings in Intercontinental Exchange were worth $30,867,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in shares of Intercontinental Exchange by 4.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider’s stock valued at $4,534,000 after purchasing an additional 1,716 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Intercontinental Exchange by 11.4% in the third quarter. Lindbrook Capital LLC now owns 1,459 shares of the financial services provider’s stock valued at $161,000 after buying an additional 149 shares during the period. Mackenzie Financial Corp boosted its stake in Intercontinental Exchange by 44.5% in the third quarter. Mackenzie Financial Corp now owns 444,614 shares of the financial services provider’s stock valued at $47,836,000 after acquiring an additional 136,860 shares during the last quarter. Strs Ohio grew its holdings in Intercontinental Exchange by 6.6% during the 3rd quarter. Strs Ohio now owns 254,855 shares of the financial services provider’s stock worth $28,039,000 after acquiring an additional 15,877 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in Intercontinental Exchange by 3.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 111,667 shares of the financial services provider’s stock worth $12,286,000 after acquiring an additional 3,835 shares during the period. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Trading Up 0.6 %

Shares of ICE stock opened at $131.28 on Tuesday. The stock’s fifty day moving average price is $134.88 and its two-hundred day moving average price is $126.17. The company has a market cap of $75.30 billion, a PE ratio of 30.11, a P/E/G ratio of 2.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting the consensus estimate of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the business posted $1.41 EPS. Intercontinental Exchange’s revenue for the quarter was up 20.8% on a year-over-year basis. Equities analysts predict that Intercontinental Exchange, Inc. will post 5.95 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, June 13th. Intercontinental Exchange’s payout ratio is presently 41.28%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ICE shares. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday. Piper Sandler increased their price objective on Intercontinental Exchange from $135.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $164.00 price target on shares of Intercontinental Exchange in a research report on Friday. Keefe, Bruyette & Woods lowered their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $147.92.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the transaction, the insider now owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $0.87 per share, with a total value of $2,402,947.83. Following the transaction, the insider now owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at $6,417,450.62. The disclosure for this sale can be found here. Insiders sold a total of 157,832 shares of company stock worth $21,499,127 over the last three months. 1.10% of the stock is owned by company insiders.

About Intercontinental Exchange

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.