Tema Etfs LLC Takes $1.11 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Tema Etfs LLC purchased a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 7,428 shares of the financial services provider’s stock, valued at approximately $1,107,000.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $25,000. Redwood Park Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $33,000. Lee Danner & Bass Inc. purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $34,000. BankPlus Trust Department purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $40,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Intercontinental Exchange in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ICE. Keefe, Bruyette & Woods raised their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Barclays raised their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Bank of America dropped their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.93.

Insider Activity

In other news, Director Judith A. Sprieser sold 2,630 shares of the firm’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the sale, the director now directly owns 21,364 shares in the company, valued at $3,396,876. This trade represents a 10.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the sale, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,368 shares of company stock worth $7,077,789 in the last three months. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Trading Up 0.7%

Shares of Intercontinental Exchange stock opened at $176.10 on Friday. The company’s fifty day simple moving average is $167.31 and its 200-day simple moving average is $161.23. The stock has a market capitalization of $101.01 billion, a PE ratio of 36.84, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 1-year low of $131.79 and a 1-year high of $179.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 EPS. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.09%. Intercontinental Exchange’s payout ratio is 39.75%.

About Intercontinental Exchange

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.