CIBC Asset Management Inc Has $28.26 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

CIBC Asset Management Inc increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,987 shares of the financial services provider’s stock after buying an additional 3,430 shares during the period. CIBC Asset Management Inc’s holdings in Intercontinental Exchange were worth $28,262,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Intercontinental Exchange by 9.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,667 shares of the financial services provider’s stock worth $2,517,000 after purchasing an additional 1,346 shares during the last quarter. Metis Global Partners LLC raised its position in Intercontinental Exchange by 4.5% during the 3rd quarter. Metis Global Partners LLC now owns 25,028 shares of the financial services provider’s stock worth $4,020,000 after purchasing an additional 1,087 shares during the last quarter. Curi RMB Capital LLC lifted its holdings in Intercontinental Exchange by 27.7% during the 3rd quarter. Curi RMB Capital LLC now owns 11,841 shares of the financial services provider’s stock worth $1,902,000 after buying an additional 2,566 shares during the period. Planning Capital Management Corp grew its position in shares of Intercontinental Exchange by 96.7% in the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock valued at $48,000 after buying an additional 147 shares during the last quarter. Finally, Zions Bancorporation N.A. increased its stake in shares of Intercontinental Exchange by 10.2% in the third quarter. Zions Bancorporation N.A. now owns 8,122 shares of the financial services provider’s stock valued at $1,305,000 after buying an additional 753 shares during the period. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Trading Down 0.6 %

NYSE ICE opened at $155.55 on Friday. Intercontinental Exchange, Inc. has a 52 week low of $110.64 and a 52 week high of $167.99. The business has a 50 day moving average price of $161.07 and a 200-day moving average price of $149.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a market cap of $89.31 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 2.57 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the business posted $1.46 EPS. Intercontinental Exchange’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.80 annualized dividend and a yield of 1.16%. Intercontinental Exchange’s payout ratio is 42.65%.

Analyst Ratings Changes

A number of equities analysts recently commented on ICE shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday. Piper Sandler increased their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Barclays dropped their target price on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.13.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the transaction, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 4.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the transaction, the insider now directly owns 14,034 shares in the company, valued at $2,284,875.54. This represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,489 shares of company stock worth $1,202,259. 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.