Bank Julius Baer & Co. Ltd Zurich Purchases 1,560 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Bank Julius Baer & Co. Ltd Zurich boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,465 shares of the financial services provider’s stock after buying an additional 1,560 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Intercontinental Exchange were worth $9,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Intercontinental Exchange by 219.8% in the third quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after purchasing an additional 8,348,126 shares during the last quarter. Invesco Ltd. raised its stake in shares of Intercontinental Exchange by 21.1% in the third quarter. Invesco Ltd. now owns 6,073,725 shares of the financial services provider’s stock worth $668,231,000 after purchasing an additional 1,058,536 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Intercontinental Exchange by 2.2% in the third quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock worth $5,162,041,000 after purchasing an additional 1,012,034 shares during the last quarter. Barclays PLC raised its stake in shares of Intercontinental Exchange by 58.8% in the third quarter. Barclays PLC now owns 2,374,570 shares of the financial services provider’s stock worth $261,251,000 after purchasing an additional 879,646 shares during the last quarter. Finally, Third Point LLC raised its stake in shares of Intercontinental Exchange by 29.2% in the third quarter. Third Point LLC now owns 2,389,934 shares of the financial services provider’s stock worth $262,941,000 after purchasing an additional 539,934 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ICE. Rosenblatt Securities increased their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Piper Sandler increased their price objective on Intercontinental Exchange from $135.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Citigroup increased their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $152.00 price target on shares of Intercontinental Exchange in a research report on Thursday, April 4th. Finally, UBS Group increased their price target on Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.08.

Insider Transactions at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at $161,893,392.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at $161,893,392.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 2,238 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $137.36, for a total value of $307,411.68. Following the completion of the transaction, the director now directly owns 29,347 shares of the company’s stock, valued at $4,031,103.92. The disclosure for this sale can be found here. Insiders sold 157,491 shares of company stock valued at $21,454,204 over the last three months. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE ICE traded down $0.13 on Friday, hitting $131.69. 2,406,708 shares of the stock traded hands, compared to its average volume of 2,386,540. The business’s fifty day moving average is $135.97 and its two-hundred day moving average is $125.05. Intercontinental Exchange, Inc. has a 12 month low of $103.81 and a 12 month high of $140.43. The firm has a market capitalization of $75.41 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.17 and a beta of 1.02. 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:ICE) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the company earned $1.25 earnings per share. Intercontinental Exchange’s revenue was up 24.5% compared to the same quarter last year. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.97 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.45 dividend. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 42.86%.

About Intercontinental Exchange

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.