Fiera Capital Corp Boosts Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Fiera Capital Corp lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,056 shares of the financial services provider’s stock after buying an additional 2,268 shares during the period. Fiera Capital Corp’s holdings in Intercontinental Exchange were worth $4,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ICE. Empowered Funds LLC boosted its stake in shares of Intercontinental Exchange by 23.0% during the first quarter. Empowered Funds LLC now owns 8,709 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 1,631 shares during the period. Illinois Municipal Retirement Fund boosted its position in Intercontinental Exchange by 21.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,096 shares of the financial services provider’s stock valued at $3,174,000 after buying an additional 4,084 shares during the period. Atomi Financial Group Inc. grew its holdings in Intercontinental Exchange by 36.6% in the 1st quarter. Atomi Financial Group Inc. now owns 2,272 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 609 shares during the last quarter. Sei Investments Co. grew its stake in shares of Intercontinental Exchange by 3.6% in the first quarter. Sei Investments Co. now owns 348,870 shares of the financial services provider’s stock worth $47,945,000 after purchasing an additional 12,237 shares during the last quarter. Finally, NorthRock Partners LLC increased its holdings in Intercontinental Exchange by 15.6% during the 1st quarter. NorthRock Partners LLC now owns 4,745 shares of the financial services provider’s stock valued at $652,000 after purchasing an additional 641 shares during the period. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ICE. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a research report on Monday, October 14th. Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Piper Sandler upped their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Intercontinental Exchange from $169.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, The Goldman Sachs Group boosted their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.93.

Intercontinental Exchange Stock Up 0.2 %

ICE stock opened at $156.42 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $161.52 and a 200 day moving average of $149.07. Intercontinental Exchange, Inc. has a twelve month low of $108.44 and a twelve month high of $167.99. The firm has a market cap of $89.81 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 2.60 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm earned $1.46 EPS. Intercontinental Exchange’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. Intercontinental Exchange’s dividend payout ratio is presently 42.65%.

Insider Activity

In related news, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the transaction, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Warren Gardiner sold 750 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the transaction, the chief financial officer now owns 16,576 shares in the company, valued at approximately $2,675,863.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock worth $1,202,259 over the last 90 days. 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.