First National Bank of Omaha Takes $7.30 Million Position in Intercontinental Exchange Inc. $ICE

First National Bank of Omaha purchased a new position in Intercontinental Exchange Inc. (NYSE:ICE) in the 3rd quarter, HoldingsChannel reports. The firm purchased 43,308 shares of the financial services provider’s stock, valued at approximately $7,297,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Maridea Wealth Management LLC bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $285,000. Crestwood Advisors Group LLC raised its holdings in Intercontinental Exchange by 0.9% during the 3rd quarter. Crestwood Advisors Group LLC now owns 13,754 shares of the financial services provider’s stock valued at $2,317,000 after buying an additional 126 shares during the period. NEOS Investment Management LLC lifted its position in Intercontinental Exchange by 41.0% in the third quarter. NEOS Investment Management LLC now owns 87,054 shares of the financial services provider’s stock worth $14,667,000 after buying an additional 25,295 shares during the last quarter. Accretive Wealth Partners LLC lifted its position in Intercontinental Exchange by 1.9% in the third quarter. Accretive Wealth Partners LLC now owns 8,020 shares of the financial services provider’s stock worth $1,351,000 after buying an additional 150 shares during the last quarter. Finally, M&G PLC boosted its stake in Intercontinental Exchange by 18.4% during the third quarter. M&G PLC now owns 107,070 shares of the financial services provider’s stock worth $17,988,000 after buying an additional 16,635 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Price Performance

ICE opened at $153.30 on Wednesday. The company has a market capitalization of $87.06 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.59 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. Intercontinental Exchange Inc. has a 12-month low of $143.17 and a 12-month high of $189.35. The business’s fifty day simple moving average is $165.05 and its 200-day simple moving average is $164.92.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.4%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 33.28%.

Insider Activity

In other news, CFO Warren Gardiner sold 1,572 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $153.65, for a total value of $241,537.80. Following the completion of the transaction, the chief financial officer directly owned 20,534 shares of the company’s stock, valued at approximately $3,155,049.10. The trade was a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mayur Kapani sold 5,345 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $156.67, for a total value of $837,401.15. Following the sale, the chief technology officer directly owned 65,240 shares in the company, valued at approximately $10,221,150.80. The trade was a 7.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 29,800 shares of company stock valued at $4,845,491. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ICE. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Raymond James Financial reiterated a “strong-buy” rating and set a $211.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 6th. JPMorgan Chase & Co. reduced their price objective on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Piper Sandler restated an “overweight” rating and set a $195.00 target price (down previously from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Finally, Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $195.40.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.