DekaBank Deutsche Girozentrale Increases Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

DekaBank Deutsche Girozentrale grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 273,181 shares of the financial services provider’s stock after acquiring an additional 26,170 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Intercontinental Exchange were worth $31,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. United Bank lifted its stake in shares of Intercontinental Exchange by 3.0% in the 3rd quarter. United Bank now owns 16,675 shares of the financial services provider’s stock worth $1,668,000 after purchasing an additional 484 shares during the period. Eudaimonia Partners LLC lifted its stake in shares of Intercontinental Exchange by 81.4% in the 3rd quarter. Eudaimonia Partners LLC now owns 1,128 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 506 shares during the period. Lombard Odier Asset Management Switzerland SA bought a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $564,000. Lombard Odier Asset Management Europe Ltd bought a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $503,000. Finally, Point72 Europe London LLP lifted its stake in shares of Intercontinental Exchange by 85.7% in the 3rd quarter. Point72 Europe London LLP now owns 118,100 shares of the financial services provider’s stock worth $11,816,000 after purchasing an additional 54,500 shares during the period. 87.42% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange stock opened at $114.75 on Thursday. The stock has a market cap of $64.57 billion, a P/E ratio of 31.61, a PEG ratio of 2.18 and a beta of 0.68. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $82.30 and a 1 year high of $119.02. The firm’s 50 day moving average price is $113.14 and its 200-day moving average price is $108.24.

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

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

ICE has been the topic of several recent research reports. Raymond James increased their price objective on shares of Intercontinental Exchange from $133.00 to $136.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. Rosenblatt Securities raised their target price on shares of Intercontinental Exchange from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 7th. Barclays raised their target price on shares of Intercontinental Exchange from $125.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 12th. Piper Sandler raised their target price on shares of Intercontinental Exchange from $117.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 7th. Finally, Zacks Investment Research cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating and set a $118.00 target price on the stock. in a research note on Thursday, February 11th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $119.36.

In other Intercontinental Exchange news, CFO Scott A. Hill sold 10,937 shares of Intercontinental Exchange stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $111.67, for a total transaction of $1,221,334.79. Following the completion of the transaction, the chief financial officer now directly owns 175,062 shares of the company’s stock, valued at $19,549,173.54. 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 1,000 shares of Intercontinental Exchange stock in a transaction 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. Over the last three months, insiders sold 32,236 shares of company stock valued at $3,624,057. 1.50% of the stock is currently owned by insiders.

About Intercontinental Exchange

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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