Charles Carroll Financial Partners LLC Acquires 4,000 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Charles Carroll Financial Partners LLC increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 46.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,565 shares of the financial services provider’s stock after acquiring an additional 4,000 shares during the period. Intercontinental Exchange comprises 1.7% of Charles Carroll Financial Partners LLC’s portfolio, making the stock its 19th biggest position. Charles Carroll Financial Partners LLC’s holdings in Intercontinental Exchange were worth $1,614,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ICE. Commonwealth Equity Services LLC raised its stake in shares of Intercontinental Exchange by 4.3% during the third quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider’s stock valued at $4,534,000 after acquiring an additional 1,716 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of Intercontinental Exchange by 12.8% during the third quarter. Simon Quick Advisors LLC now owns 2,051 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 232 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Intercontinental Exchange by 2.8% during the third quarter. Stratos Wealth Partners LTD. now owns 35,309 shares of the financial services provider’s stock valued at $3,885,000 after acquiring an additional 954 shares in the last quarter. Stonegate Investment Group LLC raised its stake in shares of Intercontinental Exchange by 11.7% during the third quarter. Stonegate Investment Group LLC now owns 2,096 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 220 shares in the last quarter. Finally, NorthRock Partners LLC raised its stake in shares of Intercontinental Exchange by 16.5% during the third quarter. NorthRock Partners LLC now owns 3,139 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 341 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at $6,417,450.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the acquisition, the insider now owns 7,476,345 shares in the company, valued at $6,504,420.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the sale, the general counsel now directly owns 48,713 shares in the company, valued at $6,417,450.62. The disclosure for this sale can be found here. Insiders have sold 157,832 shares of company stock valued at $21,499,127 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Up 3.1 %

NYSE ICE traded up $3.96 on Friday, hitting $130.50. The stock had a trading volume of 3,991,238 shares, compared to its average volume of 2,404,087. The business’s fifty day moving average price is $135.01 and its 200 day moving average price is $125.81. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a 52-week low of $103.81 and a 52-week high of $140.43. The stock has a market cap of $74.73 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.48. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 earnings per share. Equities research analysts anticipate that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, June 13th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 41.28%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ICE. Bank of America decreased their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, April 19th. UBS Group boosted their price objective on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday. Piper Sandler boosted their price objective on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.92.

Intercontinental Exchange Company 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.