Czech National Bank Grows Position in Intercontinental Exchange Inc. $ICE

Czech National Bank grew its position in Intercontinental Exchange Inc. (NYSE:ICE) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 150,348 shares of the financial services provider’s stock after acquiring an additional 4,964 shares during the quarter. Czech National Bank’s holdings in Intercontinental Exchange were worth $24,350,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Holos Integrated Wealth LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Private Wealth Management Group LLC lifted its position in Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after buying an additional 66 shares in the last quarter. Knuff & Co LLC grew its stake in Intercontinental Exchange by 73.3% during the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after buying an additional 74 shares during the period. Caitlin John LLC purchased a new stake in Intercontinental Exchange during the third quarter worth approximately $32,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Intercontinental Exchange by 128.6% in the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.6%

Shares of ICE opened at $156.83 on Thursday. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The stock has a 50-day moving average price of $163.29 and a 200 day moving average price of $161.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $89.06 billion, a P/E ratio of 27.18, a P/E/G ratio of 1.68 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.Intercontinental Exchange’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. Sell-side analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 annualized dividend and a yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is currently 36.05%.

Insider Activity

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $155.00, for a total transaction of $23,250,000.00. Following the transaction, the chief executive officer directly owned 1,651,705 shares in the company, valued at $256,014,275. This represents a 8.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 12,861 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the completion of the sale, the president directly owned 165,692 shares of the company’s stock, valued at $27,339,180. The trade was a 7.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 348,418 shares of company stock worth $54,196,631 over the last ninety days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ICE. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Piper Sandler reissued an “overweight” rating and issued a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Morgan Stanley set a $183.00 price objective on Intercontinental Exchange and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of “Buy” and an average target price of $194.73.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.