Fiera Capital Corp Grows Stock Holdings in Intercontinental Exchange Inc. $ICE

Fiera Capital Corp lifted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 19.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 61,234 shares of the financial services provider’s stock after buying an additional 10,170 shares during the quarter. Fiera Capital Corp’s holdings in Intercontinental Exchange were worth $10,317,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. King Luther Capital Management Corp increased its stake in Intercontinental Exchange by 5.9% during the third quarter. King Luther Capital Management Corp now owns 311,535 shares of the financial services provider’s stock worth $52,487,000 after purchasing an additional 17,423 shares during the period. L & S Advisors Inc grew its holdings in shares of Intercontinental Exchange by 16.6% in the third quarter. L & S Advisors Inc now owns 10,677 shares of the financial services provider’s stock valued at $1,799,000 after purchasing an additional 1,518 shares in the last quarter. Synovus Financial Corp increased its stake in Intercontinental Exchange by 1.3% during the 3rd quarter. Synovus Financial Corp now owns 33,568 shares of the financial services provider’s stock worth $5,656,000 after buying an additional 429 shares during the period. NewEdge Wealth LLC lifted its holdings in Intercontinental Exchange by 4.9% during the 3rd quarter. NewEdge Wealth LLC now owns 25,808 shares of the financial services provider’s stock worth $4,348,000 after buying an additional 1,208 shares in the last quarter. Finally, CenterBook Partners LP boosted its position in Intercontinental Exchange by 158.5% in the 3rd quarter. CenterBook Partners LP now owns 26,553 shares of the financial services provider’s stock valued at $4,474,000 after buying an additional 16,282 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 0.1%

NYSE:ICE opened at $154.00 on Friday. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35. The stock has a market cap of $87.45 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day simple moving average of $164.58 and a 200-day simple moving average of $164.54.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. The firm 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 revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 earnings per share. As a group, analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 annualized dividend and a dividend yield of 1.4%. Intercontinental Exchange’s dividend payout ratio is presently 33.28%.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 15,213 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total transaction of $2,358,319.26. Following the transaction, the chief technology officer owned 64,869 shares of the company’s stock, valued at approximately $10,055,992.38. This trade represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 11,303 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were 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 directly owned 14,266 shares of the company’s stock, valued at $2,194,396.12. The trade was a 44.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 341,036 shares of company stock worth $53,068,762. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange News Summary

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: Kraken integration — Kraken has integrated with ICE Chat to expand institutional OTC crypto access, which advances ICE’s push into crypto infrastructure and could boost trading/data volumes over time. Kraken Integrates with ICE Chat
• Positive Sentiment: Fundamentals & analyst support — ICE recently reported an EPS beat and revenue above expectations, continues to pay a quarterly dividend, and retains a mostly positive analyst consensus/price targets, providing fundamental support under the stock. MarketBeat Coverage
• Neutral Sentiment: Pune office lease — ICE’s India arm leased space for a global capability center in Pune (commercial real estate move that supports operations expansion but is not material to near-term earnings). ICE leases Pune GCC space
• Neutral Sentiment: Small institutional flows — Recent filings show many small, new institutional stakes; institutional ownership remains high (~89%), but recent buys/sells cited are immaterial at scale. Institutional activity
• Negative Sentiment: Large CEO selling — CEO Jeffrey C. Sprecher sold significant blocks of shares (reported filings show ~150,000 and ~129,937-share dispositions around Feb 18). Large CEO sales are the most likely proximate cause of today’s negative sentiment. CEO SEC filing
• Negative Sentiment: CTO sale — CTO Mayur Kapani sold 15,213 shares (~$2.36M) on Feb 18, a ~19% reduction in his holding. CTO SEC filing
• Negative Sentiment: Other executive selling — Additional insider sales reported: President Benjamin Jackson (3,865 sh), CFO Warren Gardiner (2,490 sh), and insider Christopher Scott Edmonds (11,303 sh). These clustered sales amplify negative investor perception even though executives retain sizable holdings. President SEC filing CFO SEC filing Insider Edmonds SEC filing

Analyst Ratings Changes

A number of research firms have recently weighed in on ICE. TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. UBS Group restated a “buy” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Monday, February 9th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $180.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $195.40.

Intercontinental Exchange Company 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.