Perpetual Ltd Grows Stock Holdings in Intercontinental Exchange Inc. $ICE

Perpetual Ltd boosted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,335,571 shares of the financial services provider’s stock after purchasing an additional 57,698 shares during the period. Intercontinental Exchange makes up approximately 3.1% of Perpetual Ltd’s holdings, making the stock its 6th biggest position. Perpetual Ltd’s holdings in Intercontinental Exchange were worth $216,309,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Holos Integrated Wealth LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth $28,000. Dorato Capital Management acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $29,000. Private Wealth Management Group LLC lifted its holdings in shares of 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 purchasing an additional 66 shares during the last quarter. Caitlin John LLC purchased a new stake in shares of Intercontinental Exchange during the third quarter valued at $32,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Intercontinental Exchange by 128.6% during the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 153 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Up 0.0%

Shares of NYSE ICE opened at $163.02 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The business has a 50-day moving average price of $161.19 and a two-hundred day moving average price of $160.56. The firm has a market capitalization of $92.34 billion, a PE ratio of 28.25, a PEG ratio of 1.75 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates 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%.The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. As a group, analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 12,861 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $165.00, for a total value of $2,122,065.00. Following the completion of the sale, the president owned 165,692 shares in the company, valued at $27,339,180. This represents a 7.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 11,303 shares of Intercontinental Exchange stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the sale, the insider directly owned 14,266 shares of the company’s stock, valued at $2,194,396.12. This trade represents a 44.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 348,418 shares of company stock worth $54,196,631. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ICE shares. Piper Sandler reissued an “overweight” rating and issued a $195.00 price target (down from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Barclays set a $193.00 target price on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a report on Friday, March 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $191.20.

Intercontinental Exchange Company Profile

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.