Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Curi RMB Capital LLC

Curi RMB Capital LLC increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 27.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,841 shares of the financial services provider’s stock after purchasing an additional 2,566 shares during the quarter. Curi RMB Capital LLC’s holdings in Intercontinental Exchange were worth $1,902,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Planning Capital Management Corp lifted its holdings in Intercontinental Exchange by 96.7% in the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the period. Zions Bancorporation N.A. lifted its holdings in Intercontinental Exchange by 10.2% in the third quarter. Zions Bancorporation N.A. now owns 8,122 shares of the financial services provider’s stock valued at $1,305,000 after acquiring an additional 753 shares during the period. KBC Group NV lifted its holdings in Intercontinental Exchange by 46.3% in the third quarter. KBC Group NV now owns 197,349 shares of the financial services provider’s stock valued at $31,702,000 after acquiring an additional 62,419 shares during the period. Huntington National Bank lifted its holdings in Intercontinental Exchange by 0.7% in the third quarter. Huntington National Bank now owns 20,024 shares of the financial services provider’s stock valued at $3,217,000 after acquiring an additional 138 shares during the period. Finally, Cable Hill Partners LLC acquired a new stake in Intercontinental Exchange in the third quarter valued at $204,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ICE shares. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, November 1st. Morgan Stanley raised their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Piper Sandler raised their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group raised their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, TD Cowen started coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 602 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares in the company, valued at approximately $2,284,875.54. The trade was a 4.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the sale, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. The trade was a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock valued at $1,202,259 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Trading Down 0.6 %

NYSE ICE opened at $155.55 on Friday. Intercontinental Exchange, Inc. has a 12 month low of $110.64 and a 12 month high of $167.99. The company has a 50-day moving average of $161.07 and a 200-day moving average of $149.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $89.31 billion, a P/E ratio of 36.86, a P/E/G ratio of 2.57 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $1.46 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 42.65%.

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.