Lido Advisors LLC cut its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,947 shares of the financial services provider’s stock after selling 539 shares during the quarter. Lido Advisors LLC’s holdings in Intercontinental Exchange were worth $1,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Magellan Asset Management Ltd raised its position in shares of Intercontinental Exchange by 254,440.7% in the third quarter. Magellan Asset Management Ltd now owns 11,754,690 shares of the financial services provider’s stock valued at $1,176,057,000 after purchasing an additional 11,750,072 shares during the period. Morgan Stanley increased its position in Intercontinental Exchange by 297.3% during the third quarter. Morgan Stanley now owns 9,768,167 shares of the financial services provider’s stock worth $977,308,000 after acquiring an additional 7,309,767 shares during the period. FMR LLC increased its holdings in Intercontinental Exchange by 3.1% in the 4th quarter. FMR LLC now owns 9,415,538 shares of the financial services provider’s stock valued at $1,085,517,000 after buying an additional 281,115 shares during the period. Thoma Bravo L.P. acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $918,516,000. Finally, Veritas Asset Management LLP boosted its position in Intercontinental Exchange by 0.6% during the 3rd quarter. Veritas Asset Management LLP now owns 8,215,226 shares of the financial services provider’s stock worth $821,933,000 after buying an additional 49,817 shares during the period. 87.42% of the stock is currently owned by institutional investors.

ICE has been the subject of several research analyst reports. Oppenheimer reiterated a “hold” rating on shares of Intercontinental Exchange in a research note on Monday, January 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Intercontinental Exchange from $117.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 11th. Barclays lifted their price objective on shares of Intercontinental Exchange from $125.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, January 12th. Compass Point lifted their price objective on shares of Intercontinental Exchange from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, December 22nd. Finally, Piper Sandler lifted their price objective on shares of Intercontinental Exchange from $117.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 7th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Intercontinental Exchange has a consensus rating of “Buy” and an average price target of $119.00.

ICE opened at $111.72 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $62.75 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 2.18 and a beta of 0.68. The firm’s fifty day moving average price is $113.81 and its two-hundred day moving average price is $105.78. Intercontinental Exchange, Inc. has a 1 year low of $63.51 and a 1 year high of $119.02.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 4th. The financial services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. Intercontinental Exchange had a net margin of 26.19% and a return on equity of 13.63%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 4.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, March 16th. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 1.18%. Intercontinental Exchange’s dividend payout ratio is 30.93%.

In other Intercontinental Exchange news, CFO Scott A. Hill sold 39,800 shares of the firm’s stock in a transaction dated Monday, December 7th. The stock was sold at an average price of $110.14, for a total value of $4,383,572.00. Following the sale, the chief financial officer now owns 185,792 shares of the company’s stock, valued at approximately $20,463,130.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David S. Goone sold 5,514 shares of the firm’s stock in a transaction dated Friday, November 27th. The shares were sold at an average price of $105.00, for a total value of $578,970.00. Following the completion of the sale, the insider now directly owns 186,243 shares in the company, valued at approximately $19,555,515. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,058 shares of company stock worth $13,515,331. Insiders own 1.50% of the company’s stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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