Simmons Bank Has $4.77 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Simmons Bank grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,694 shares of the financial services provider’s stock after buying an additional 668 shares during the period. Simmons Bank’s holdings in Intercontinental Exchange were worth $4,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ICE. Haverford Trust Co increased its position in shares of Intercontinental Exchange by 6.5% in the 3rd quarter. Haverford Trust Co now owns 3,845 shares of the financial services provider’s stock valued at $618,000 after buying an additional 235 shares in the last quarter. Bancreek Capital Management LP grew its stake in shares of Intercontinental Exchange by 10.3% during the 3rd quarter. Bancreek Capital Management LP now owns 59,667 shares of the financial services provider’s stock worth $9,585,000 after acquiring an additional 5,563 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Intercontinental Exchange by 20.0% in the third quarter. Aptus Capital Advisors LLC now owns 77,122 shares of the financial services provider’s stock valued at $12,389,000 after purchasing an additional 12,865 shares in the last quarter. Aigen Investment Management LP increased its position in shares of Intercontinental Exchange by 53.0% in the third quarter. Aigen Investment Management LP now owns 18,180 shares of the financial services provider’s stock valued at $2,920,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Savvy Advisors Inc. raised its stake in shares of Intercontinental Exchange by 34.3% during the 3rd quarter. Savvy Advisors Inc. now owns 2,810 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 718 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now owns 16,576 shares of the company’s stock, valued at $2,675,863.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Intercontinental Exchange news, COO Stuart Glen Williams sold 468 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the transaction, the chief operating officer now directly owns 13,530 shares in the company, valued at approximately $2,202,819.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the sale, the chief financial officer now directly owns 16,576 shares of the company’s stock, valued at $2,675,863.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,489 shares of company stock worth $1,202,259. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Down 0.6 %

Shares of ICE opened at $156.08 on Wednesday. The firm has a 50 day simple moving average of $161.33 and a two-hundred day simple moving average of $149.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a one year low of $108.62 and a one year high of $167.99. The company has a market cap of $89.62 billion, a P/E ratio of 36.98, a P/E/G ratio of 2.62 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 EPS. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, December 16th. Intercontinental Exchange’s payout ratio is 42.65%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. TD Cowen initiated coverage on Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 price target for the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Piper Sandler increased their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Barclays decreased their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $174.13.

Intercontinental Exchange 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.