Banco Bilbao Vizcaya Argentaria S.A. Grows Stake in Intercontinental Exchange Inc. $ICE

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 15.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 31,110 shares of the financial services provider’s stock after buying an additional 4,145 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Intercontinental Exchange were worth $5,373,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ICE. Fielder Capital Group LLC grew its holdings in Intercontinental Exchange by 2.2% during the 1st quarter. Fielder Capital Group LLC now owns 2,808 shares of the financial services provider’s stock valued at $484,000 after buying an additional 61 shares during the last quarter. E Fund Management Co. Ltd. grew its holdings in Intercontinental Exchange by 4.2% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,500 shares of the financial services provider’s stock valued at $259,000 after buying an additional 61 shares during the last quarter. Berkeley Capital Partners LLC grew its holdings in Intercontinental Exchange by 1.1% during the 1st quarter. Berkeley Capital Partners LLC now owns 5,639 shares of the financial services provider’s stock valued at $973,000 after buying an additional 62 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in Intercontinental Exchange by 17.2% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider’s stock valued at $74,000 after buying an additional 63 shares during the last quarter. Finally, Values Added Financial LLC grew its holdings in Intercontinental Exchange by 4.4% during the 1st quarter. Values Added Financial LLC now owns 1,533 shares of the financial services provider’s stock valued at $264,000 after buying an additional 64 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Price Performance

ICE stock opened at $181.3540 on Thursday. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $189.35. The stock’s fifty day simple moving average is $182.19 and its 200-day simple moving average is $173.81. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $103.81 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.04. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. Equities research analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.1%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 36.85%.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 3,848 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $179.12, for a total value of $689,253.76. Following the transaction, the general counsel directly owned 48,480 shares of the company’s stock, valued at $8,683,737.60. This trade represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $177.48, for a total value of $283,968.00. Following the completion of the transaction, the senior vice president directly owned 27,313 shares in the company, valued at $4,847,511.24. This trade represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 442,936 shares of company stock valued at $80,227,488 over the last ninety days. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ICE shares. Morgan Stanley increased their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. UBS Group increased their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Barclays raised their price objective on Intercontinental Exchange from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Finally, Piper Sandler raised their price objective on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.92.

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.