Bank Julius Baer & Co. Ltd Zurich Has $9.05 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,465 shares of the financial services provider’s stock after acquiring an additional 1,560 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Intercontinental Exchange were worth $9,050,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fortitude Family Office LLC bought a new stake in Intercontinental Exchange in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp bought a new stake in Intercontinental Exchange in the third quarter valued at about $26,000. OFI Invest Asset Management bought a new stake in Intercontinental Exchange in the third quarter valued at about $25,000. BKM Wealth Management LLC bought a new stake in Intercontinental Exchange in the fourth quarter valued at about $31,000. Finally, Rakuten Securities Inc. bought a new stake in Intercontinental Exchange in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $152.00 price target on shares of Intercontinental Exchange in a report on Thursday, April 4th. Raymond James increased their price target on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Friday, January 5th. Piper Sandler increased their price target on Intercontinental Exchange from $135.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Morgan Stanley increased their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Barclays increased their price target on Intercontinental Exchange from $153.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $148.08.

Intercontinental Exchange Stock Down 0.1 %

NYSE ICE traded down $0.13 during trading hours on Friday, hitting $131.69. 2,406,708 shares of the company traded hands, compared to its average volume of 2,386,540. The business’s 50-day moving average is $135.97 and its 200-day moving average is $125.05. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month high of $140.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $75.41 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 2.17 and a beta of 1.02.

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 the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. Sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 42.86%.

Insider Activity

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the transaction, the insider now directly owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the transaction, the insider now directly owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Warren Gardiner sold 2,176 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the sale, the chief financial officer now directly owns 12,061 shares of the company’s stock, valued at $1,640,296. The disclosure for this sale can be found here. Insiders sold a total of 157,491 shares of company stock valued at $21,454,204 over the last three months. Insiders own 1.10% of the company’s stock.

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.