Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by KBC Group NV

KBC Group NV raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 46.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 197,349 shares of the financial services provider's stock after purchasing an additional 62,419 shares during the period. KBC Group NV's holdings in Intercontinental Exchange were worth $31,702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ICE. Assenagon Asset Management S.A. lifted its stake in shares of Intercontinental Exchange by 819.7% in the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider's stock worth $18,764,000 after buying an additional 122,169 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings 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 valued at $1,987,000 after acquiring an additional 9,642 shares during the last quarter. BDF Gestion bought a new position in Intercontinental Exchange during the second quarter valued at approximately $2,849,000. LRI Investments LLC purchased a new stake in Intercontinental Exchange in the first quarter worth approximately $137,000. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in Intercontinental Exchange in the 2nd quarter worth approximately $1,366,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 1,941 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total transaction of $311,899.29. Following the transaction, the director now owns 26,908 shares of the company's stock, valued at approximately $4,323,846.52. The trade was a 6.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares of the company's stock, valued at $7,159,108.05. This represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock worth $1,202,259 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ICE shares. Piper Sandler increased their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Raymond James cut Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target on the stock. in a report on Monday, October 14th. JPMorgan Chase & Co. increased their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Finally, StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $174.13.

Intercontinental Exchange Stock Down 0.6 %

ICE stock traded down $0.92 during trading on Friday, reaching $155.55. 2,793,044 shares of the company traded hands, compared to its average volume of 2,569,783. The business has a 50 day simple moving average of $161.07 and a 200 day simple moving average of $149.75. Intercontinental Exchange, Inc. has a 12 month low of $110.64 and a 12 month high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $89.31 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released 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 net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same period last year, the business earned $1.46 EPS. Intercontinental Exchange's revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed 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. This represents a $1.80 annualized dividend and a yield of 1.16%. The ex-dividend date is Monday, December 16th. Intercontinental Exchange's payout ratio is 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.