Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 20.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 77,122 shares of the financial services provider's stock after purchasing an additional 12,865 shares during the quarter. Aptus Capital Advisors LLC's holdings in Intercontinental Exchange were worth $12,389,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ICE. Vanguard Group Inc. increased its position in shares of Intercontinental Exchange by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider's stock valued at $6,978,218,000 after purchasing an additional 3,536,913 shares during the last quarter. CCLA Investment Management boosted its holdings in Intercontinental Exchange by 91,838.2% during the 1st quarter. CCLA Investment Management now owns 1,114,291 shares of the financial services provider's stock valued at $152,923,000 after acquiring an additional 1,113,079 shares during the period. Manning & Napier Advisors LLC purchased a new position in Intercontinental Exchange during the 2nd quarter valued at $124,508,000. Janus Henderson Group PLC boosted its holdings in Intercontinental Exchange by 589.4% during the 1st quarter. Janus Henderson Group PLC now owns 804,507 shares of the financial services provider's stock valued at $110,559,000 after acquiring an additional 687,817 shares during the period. Finally, James Hambro & Partners purchased a new stake in shares of Intercontinental Exchange in the 2nd quarter worth $93,340,000. Institutional investors own 89.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Piper Sandler upped their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. The Goldman Sachs Group upped their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. StockNews.com cut Intercontinental Exchange from a "hold" rating to a "sell" rating in a report on Monday, October 21st. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, November 1st. Finally, Barclays reduced their price target on Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average target price of $174.13.

Insiders Place Their Bets

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,171 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares in the company, valued at approximately $2,666,400. This represents a 0.00 % 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. In other news, CAO James W. Namkung sold 1,171 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total value of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares in the company, valued at $2,666,400. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of ICE traded down $1.01 during mid-day trading on Tuesday, reaching $156.08. The company had a trading volume of 2,047,451 shares, compared to its average volume of 2,571,255. Intercontinental Exchange, Inc. has a 52-week low of $108.62 and a 52-week high of $167.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $89.62 billion, a P/E ratio of 37.22, a PEG ratio of 2.61 and a beta of 1.08. The stock has a 50 day moving average of $161.43 and a two-hundred day moving average of $149.49.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts' consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The company's revenue was up 17.3% compared to the same quarter last year. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

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

About Intercontinental Exchange

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.