Compagnie Lombard Odier SCmA Grows Stake in Intercontinental Exchange Inc. $ICE

Compagnie Lombard Odier SCmA grew its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 666,654 shares of the financial services provider’s stock after acquiring an additional 39,028 shares during the quarter. Intercontinental Exchange comprises approximately 1.2% of Compagnie Lombard Odier SCmA’s portfolio, making the stock its 21st biggest position. Compagnie Lombard Odier SCmA owned approximately 0.12% of Intercontinental Exchange worth $107,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. ICONIQ Capital LLC grew its position in Intercontinental Exchange by 2.2% during the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 56 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in Intercontinental Exchange by 0.5% in the third quarter. Cascade Investment Advisors Inc. now owns 13,766 shares of the financial services provider’s stock worth $2,319,000 after buying an additional 65 shares during the last quarter. Private Wealth Management Group LLC lifted its stake in shares of Intercontinental Exchange by 59.5% in the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after buying an additional 66 shares in the last quarter. Ipswich Investment Management Co. Inc. lifted its stake in shares of Intercontinental Exchange by 3.2% in the third quarter. Ipswich Investment Management Co. Inc. now owns 2,248 shares of the financial services provider’s stock worth $379,000 after buying an additional 70 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of Intercontinental Exchange by 3.9% during the third quarter. Boston Trust Walden Corp now owns 1,873 shares of the financial services provider’s stock valued at $316,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE ICE opened at $158.24 on Thursday. The company has a 50-day moving average price of $161.62 and a 200-day moving average price of $160.61. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $89.86 billion, a P/E ratio of 27.42, a PEG ratio of 1.70 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 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 net margin of 26.23% and a return on equity of 13.99%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. Equities research analysts anticipate 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. Stockholders of record on Wednesday, December 16th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 36.05%.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 4,571 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $162.00, for a total transaction of $740,502.00. Following the completion of the sale, the general counsel owned 48,181 shares of the company’s stock, valued at $7,805,322. The trade was a 8.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 11,303 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $153.82, for a total value of $1,738,627.46. Following the completion of the transaction, the insider directly owned 14,266 shares in the company, valued at approximately $2,194,396.12. This represents a 44.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 348,418 shares of company stock worth $54,196,631. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ICE shares. UBS Group reissued a “buy” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Monday, February 9th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. Raymond James Financial restated a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $195.00 price target (down from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.