Anfield Capital Management LLC Makes New Investment in Intercontinental Exchange Inc. $ICE

Anfield Capital Management LLC bought a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,684 shares of the financial services provider’s stock, valued at approximately $2,305,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quantbot Technologies LP increased its holdings in Intercontinental Exchange by 373.9% during the 3rd quarter. Quantbot Technologies LP now owns 46,697 shares of the financial services provider’s stock worth $7,868,000 after acquiring an additional 36,843 shares during the period. Caitlin John LLC bought a new position in shares of Intercontinental Exchange in the third quarter worth $32,000. Accredited Wealth Management LLC boosted its stake in Intercontinental Exchange by 217.1% during the third quarter. Accredited Wealth Management LLC now owns 612 shares of the financial services provider’s stock valued at $103,000 after buying an additional 419 shares during the period. Power Wealth Management LLC boosted its stake in Intercontinental Exchange by 1.1% during the third quarter. Power Wealth Management LLC now owns 12,211 shares of the financial services provider’s stock valued at $2,057,000 after buying an additional 128 shares during the period. Finally, Andra AP fonden purchased a new position in Intercontinental Exchange during the third quarter worth about $11,305,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $164.05 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. Intercontinental Exchange Inc. has a fifty-two week low of $143.17 and a fifty-two week high of $189.35. The firm has a market cap of $93.17 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02. The business has a 50 day moving average price of $164.47 and a 200-day moving average price of $163.57.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the company posted $1.52 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is presently 33.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ICE. Piper Sandler reiterated an “overweight” rating and set a $195.00 price target (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Barclays set a $193.00 price objective on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, February 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $180.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Morgan Stanley set a $183.00 price objective on Intercontinental Exchange and gave the company an “equal weight” rating in a report on Tuesday, February 10th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $195.40.

Insiders Place Their Bets

In other news, insider Lynn C. Martin sold 13,456 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the transaction, the insider directly owned 54,319 shares of the company’s stock, valued at approximately $8,357,521.34. The trade was a 19.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 3,865 shares of Intercontinental Exchange stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $153.73, for a total transaction of $594,166.45. Following the completion of the sale, the president owned 165,304 shares in the company, valued at approximately $25,412,183.92. This trade represents a 2.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 354,492 shares of company stock worth $55,139,102. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange 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.