Ritholtz Wealth Management Has $662,000 Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Ritholtz Wealth Management boosted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,155 shares of the financial services provider’s stock after purchasing an additional 433 shares during the period. Ritholtz Wealth Management’s holdings in Intercontinental Exchange were worth $662,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Jefferies Financial Group Inc. raised its holdings in shares of Intercontinental Exchange by 3.8% during the second quarter. Jefferies Financial Group Inc. now owns 2,432 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 88 shares during the period. Vinva Investment Management Ltd grew its position in Intercontinental Exchange by 0.6% in the third quarter. Vinva Investment Management Ltd now owns 16,736 shares of the financial services provider’s stock valued at $1,855,000 after purchasing an additional 93 shares in the last quarter. Vestcor Inc increased its stake in Intercontinental Exchange by 0.5% in the 4th quarter. Vestcor Inc now owns 17,924 shares of the financial services provider’s stock valued at $1,839,000 after buying an additional 94 shares during the last quarter. Timber Creek Capital Management LLC lifted its position in Intercontinental Exchange by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 34,466 shares of the financial services provider’s stock worth $4,426,000 after buying an additional 94 shares in the last quarter. Finally, HBK Sorce Advisory LLC boosted its stake in shares of Intercontinental Exchange by 4.8% during the 3rd quarter. HBK Sorce Advisory LLC now owns 2,116 shares of the financial services provider’s stock worth $233,000 after buying an additional 97 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ICE has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Citigroup upped their price objective on Intercontinental Exchange from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $133.00 to $139.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 13th. Piper Sandler increased their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Read Our Latest Stock Analysis on ICE

Intercontinental Exchange Stock Performance

NYSE ICE opened at $137.43 on Friday. Intercontinental Exchange, Inc. has a 52-week low of $99.84 and a 52-week high of $140.43. The stock has a market cap of $78.70 billion, a PE ratio of 32.72, a P/E/G ratio of 2.46 and a beta of 1.02. The firm has a 50-day moving average of $134.63 and a 200-day moving average of $122.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICEGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The business’s revenue was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. On average, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 5.91 EPS for the current year.

Intercontinental Exchange Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.45 per share. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. This represents a $1.80 annualized dividend and a yield of 1.31%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 42.86%.

Insider Activity

In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $125.90, for a total transaction of $7,351,049.20. Following the transaction, the chief executive officer now directly owns 1,152,375 shares of the company’s stock, valued at $145,084,012.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $125.90, for a total transaction of $7,351,049.20. Following the sale, the chief executive officer now owns 1,152,375 shares of the company’s stock, valued at $145,084,012.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Warren Gardiner sold 2,176 shares of Intercontinental Exchange stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the transaction, the chief financial officer now directly owns 12,061 shares of the company’s stock, valued at $1,640,296. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,253 shares of company stock valued at $20,486,424. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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