Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Compass Capital Management Inc.

Compass Capital Management Inc. lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.3% in the fourth quarter, Holdings Channel reports. The firm owned 453,999 shares of the financial services provider’s stock after selling 1,212 shares during the period. Intercontinental Exchange makes up about 4.1% of Compass Capital Management Inc.’s investment portfolio, making the stock its 8th biggest position. Compass Capital Management Inc.’s holdings in Intercontinental Exchange were worth $58,307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fortitude Family Office LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at $28,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Intercontinental Exchange in the fourth quarter worth about $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at about $26,000. OFI Invest Asset Management purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $25,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated an “outperform” rating and set a $152.00 target price on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Piper Sandler upped their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, February 12th. JPMorgan Chase & Co. raised their price objective on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Rosenblatt Securities boosted their target price on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Barclays increased their price target on shares of Intercontinental Exchange from $153.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Three investment 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.08.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 27,970 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $134.74, for a total transaction of $3,768,677.80. Following the transaction, the president now owns 138,487 shares in the company, valued at $18,659,738.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the company’s stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the transaction, the insider now owns 7,476,345 shares in the company, valued at $6,504,420.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Benjamin Jackson sold 27,970 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $134.74, for a total transaction of $3,768,677.80. Following the sale, the president now directly owns 138,487 shares of the company’s stock, valued at $18,659,738.38. 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. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE traded down $2.02 during midday trading on Tuesday, hitting $128.76. 2,304,518 shares of the company’s stock were exchanged, compared to its average volume of 2,375,570. The stock’s 50 day moving average price is $135.74 and its 200-day moving average price is $125.52. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $73.73 billion, a P/E ratio of 31.14, a PEG ratio of 2.15 and a beta of 1.02. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month 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 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. Equities research analysts anticipate that Intercontinental Exchange, Inc. will post 5.97 EPS for the current year.

Intercontinental Exchange Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.40%. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. Intercontinental Exchange’s payout ratio is 42.86%.

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.