Intercontinental Exchange Inc. $ICE Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA cut its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 627,626 shares of the financial services provider’s stock after selling 49,957 shares during the quarter. Intercontinental Exchange comprises 1.2% of Compagnie Lombard Odier SCmA’s investment portfolio, making the stock its 19th biggest position. Compagnie Lombard Odier SCmA owned about 0.11% of Intercontinental Exchange worth $105,742,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Princeton Global Asset Management LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at approximately $28,000. Westside Investment Management Inc. purchased a new stake in Intercontinental Exchange in the 2nd quarter valued at $29,000. Private Wealth Management Group LLC increased its stake in shares of Intercontinental Exchange by 59.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Knuff & Co LLC raised its holdings in shares of Intercontinental Exchange by 73.3% during the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares during the period. Finally, Gables Capital Management Inc. raised its holdings in shares of Intercontinental Exchange by 100.0% during the 2nd quarter. Gables Capital Management Inc. now owns 250 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a report on Friday. Morgan Stanley set a $180.00 price target on shares of Intercontinental Exchange and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Barclays set a $193.00 price target on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday. Piper Sandler reiterated an “overweight” rating and issued a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $180.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $195.10.

Insiders Place Their Bets

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,345 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $156.67, for a total transaction of $837,401.15. Following the sale, the chief technology officer directly owned 65,240 shares in the company, valued at $10,221,150.80. This represents a 7.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Judith A. Sprieser sold 4,722 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $169.19, for a total transaction of $798,915.18. Following the completion of the transaction, the director owned 9,747 shares of the company’s stock, valued at approximately $1,649,094.93. This trade represents a 32.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 168,709 shares of company stock valued at $25,955,387. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Stock Up 0.3%

NYSE:ICE opened at $169.47 on Tuesday. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The stock’s fifty day moving average is $165.44 and its two-hundred day moving average is $166.21. The stock has a market capitalization of $96.24 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64.

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, beating the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 33.28%.

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.