Bard Financial Services Inc. Buys New Shares in Intercontinental Exchange, Inc. (NYSE:ICE)

Bard Financial Services Inc. acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,975 shares of the financial services provider’s stock, valued at approximately $1,150,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE raised its holdings in Intercontinental Exchange by 3.7% during the fourth quarter. US Bancorp DE now owns 107,480 shares of the financial services provider’s stock worth $12,392,000 after buying an additional 3,799 shares during the last quarter. Marietta Wealth Management LLC raised its holdings in shares of Intercontinental Exchange by 3.3% in the fourth quarter. Marietta Wealth Management LLC now owns 50,505 shares of the financial services provider’s stock valued at $5,823,000 after purchasing an additional 1,612 shares during the last quarter. Meitav Dash Investments Ltd. raised its holdings in shares of Intercontinental Exchange by 0.9% in the fourth quarter. Meitav Dash Investments Ltd. now owns 186,569 shares of the financial services provider’s stock valued at $21,510,000 after purchasing an additional 1,620 shares during the last quarter. Trust Co. of Vermont grew its position in Intercontinental Exchange by 8.0% during the fourth quarter. Trust Co. of Vermont now owns 33,671 shares of the financial services provider’s stock valued at $3,882,000 after buying an additional 2,490 shares during the period. Finally, Eaton Vance Management boosted its position in Intercontinental Exchange by 28.4% during the fourth quarter. Eaton Vance Management now owns 786,464 shares of the financial services provider’s stock worth $90,672,000 after purchasing an additional 173,980 shares during the period. Hedge funds and other institutional investors own 87.42% of the company’s stock.

ICE stock opened at $114.75 on Thursday. The company has a market capitalization of $64.57 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.18 and a beta of 0.68. Intercontinental Exchange, Inc. has a one year low of $82.30 and a one year high of $119.02. The company’s 50 day moving average price is $113.14 and its two-hundred day moving average price is $108.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 4th. The financial services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. Intercontinental Exchange had a net margin of 26.19% and a return on equity of 13.63%. The business’s revenue was up 28.7% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. On average, research analysts predict that Intercontinental Exchange, Inc. will post 4.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, March 16th. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.15%. Intercontinental Exchange’s dividend payout ratio (DPR) is 34.02%.

In other news, CFO Scott A. Hill sold 6,142 shares of the firm’s stock in a transaction that occurred on Thursday, February 18th. The shares were sold at an average price of $113.28, for a total value of $695,765.76. Following the transaction, the chief financial officer now owns 175,062 shares in the company, valued at $19,831,023.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 8th. The stock was sold at an average price of $118.00, for a total transaction of $118,000.00. The disclosure for this sale can be found here. Insiders have sold 32,236 shares of company stock worth $3,624,057 over the last three months. Insiders own 1.50% of the company’s stock.

A number of equities analysts have recently commented on the stock. Oppenheimer restated a “hold” rating on shares of Intercontinental Exchange in a research report on Monday, January 25th. Piper Sandler raised their price objective on shares of Intercontinental Exchange from $117.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 7th. Rosenblatt Securities raised their price objective on shares of Intercontinental Exchange from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 7th. Raymond James raised their price objective on shares of Intercontinental Exchange from $133.00 to $136.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Finally, Barclays raised their target price on shares of Intercontinental Exchange from $125.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, January 12th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $119.36.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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