Consolidated Planning Corp Buys 1,139 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Consolidated Planning Corp increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,430 shares of the financial services provider’s stock after acquiring an additional 1,139 shares during the quarter. Consolidated Planning Corp’s holdings in Intercontinental Exchange were worth $2,110,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in Intercontinental Exchange during the third quarter worth $25,000. Jones Financial Companies Lllp acquired a new stake in Intercontinental Exchange during the third quarter worth $26,000. Fortitude Family Office LLC acquired a new stake in Intercontinental Exchange during the fourth quarter worth $28,000. Stuart Chaussee & Associates Inc. acquired a new stake in Intercontinental Exchange during the fourth quarter worth $28,000. Finally, BKM Wealth Management LLC acquired a new stake in Intercontinental Exchange during the fourth quarter worth $31,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE ICE traded down $0.12 on Friday, hitting $131.70. 2,406,708 shares of the company were exchanged, compared to its average volume of 2,148,893. The firm has a 50 day moving average of $135.86 and a two-hundred day moving average of $125.19. The company has a market cap of $75.41 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.16 and a beta of 1.02. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80. Intercontinental Exchange, Inc. has a 1-year low of $103.81 and a 1-year high of $140.43.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 5.97 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 issued a dividend of $0.45 per share. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, March 14th. Intercontinental Exchange’s payout ratio is currently 42.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Rosenblatt Securities lifted their price target on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Barclays boosted their target price on shares of Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Piper Sandler boosted their target price 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. Raymond James boosted their target price on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, January 5th. 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, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

Insiders Place Their Bets

In other Intercontinental Exchange news, CFO Warren Gardiner sold 500 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $138.83, for a total transaction of $69,415.00. Following the completion of the sale, the chief financial officer now directly owns 18,326 shares of the company’s stock, valued at approximately $2,544,198.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intercontinental Exchange news, CFO Warren Gardiner sold 500 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $138.83, for a total transaction of $69,415.00. Following the completion of the sale, the chief financial officer now directly owns 18,326 shares of the company’s stock, valued at approximately $2,544,198.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO James W. Namkung sold 1,182 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $156,059.46. Following the sale, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at $2,164,763.88. The disclosure for this sale can be found here. In the last three months, insiders sold 157,491 shares of company stock valued at $21,454,204. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Profile

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.