CWA Asset Management Group LLC Buys Shares of 5,349 Intercontinental Exchange, Inc. (NYSE:ICE)

CWA Asset Management Group LLC acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,349 shares of the financial services provider's stock, valued at approximately $859,000.

Several other hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. grew its holdings in Intercontinental Exchange by 819.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider's stock valued at $18,764,000 after buying an additional 122,169 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Intercontinental Exchange by 7.0% in the 1st quarter. Russell Investments Group Ltd. now owns 317,544 shares of the financial services provider's stock worth $43,617,000 after purchasing an additional 20,802 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Intercontinental Exchange by 200.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 14,459 shares of the financial services provider's stock worth $1,987,000 after buying an additional 9,642 shares during the period. BDF Gestion acquired a new position in Intercontinental Exchange in the 2nd quarter valued at $2,849,000. Finally, Sei Investments Co. grew its holdings in shares of Intercontinental Exchange by 3.6% during the 1st quarter. Sei Investments Co. now owns 348,870 shares of the financial services provider's stock worth $47,945,000 after purchasing an additional 12,237 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ICE has been the topic of several research analyst reports. Barclays cut their price target on Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Friday, November 1st. TD Cowen initiated coverage on Intercontinental Exchange in a report on Thursday, September 26th. They issued a "buy" rating and a $182.00 price target for the company. Piper Sandler increased their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average target price of $174.13.

Intercontinental Exchange Trading Up 0.6 %

ICE traded up $0.95 during trading hours on Monday, reaching $157.37. The company's stock had a trading volume of 1,266,797 shares, compared to its average volume of 2,565,347. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The business's 50-day moving average is $161.52 and its 200-day moving average is $149.31. Intercontinental Exchange, Inc. has a fifty-two week low of $108.62 and a fifty-two week high of $167.99. The stock has a market cap of $90.36 billion, a PE ratio of 37.32, a P/E/G ratio of 2.61 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share 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 company's revenue was up 17.3% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, December 16th. This represents a $1.80 annualized dividend and a yield of 1.14%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 42.65%.

Insider Buying and Selling

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

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.