Walter Public Investments Inc. Boosts Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Walter Public Investments Inc. grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,024 shares of the financial services provider’s stock after buying an additional 688 shares during the period. Intercontinental Exchange accounts for 3.1% of Walter Public Investments Inc.’s portfolio, making the stock its 15th biggest position. Walter Public Investments Inc.’s holdings in Intercontinental Exchange were worth $17,438,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ICE. AMF Tjanstepension AB increased its stake in shares of Intercontinental Exchange by 14.5% during the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after buying an additional 16,130 shares during the period. International Assets Investment Management LLC increased its stake in shares of Intercontinental Exchange by 21,404.8% during the third quarter. International Assets Investment Management LLC now owns 39,999 shares of the financial services provider’s stock valued at $6,425,000 after buying an additional 39,813 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Intercontinental Exchange by 49.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 34,785 shares of the financial services provider’s stock valued at $5,588,000 after buying an additional 11,498 shares during the period. abrdn plc increased its stake in shares of Intercontinental Exchange by 6.8% during the third quarter. abrdn plc now owns 578,634 shares of the financial services provider’s stock valued at $92,622,000 after buying an additional 36,703 shares during the period. Finally, Integrated Advisors Network LLC increased its stake in shares of Intercontinental Exchange by 4.0% during the third quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock valued at $275,000 after buying an additional 66 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ICE shares. Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. UBS Group upped their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Trading Down 0.3 %

Intercontinental Exchange stock opened at $170.74 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The business’s fifty day simple moving average is $156.50 and its two-hundred day simple moving average is $158.54. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $172.63. The company has a market capitalization of $98.10 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is currently 40.17%.

Insider Activity

In related news, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the sale, the chief operating officer now owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,368 shares of company stock valued at $9,908,492 over the last ninety days. 1.10% of the stock is currently owned by corporate 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.