Bank of New Hampshire Sells 173 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Bank of New Hampshire lowered its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,569 shares of the financial services provider’s stock after selling 173 shares during the period. Bank of New Hampshire’s holdings in Intercontinental Exchange were worth $2,770,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Intercontinental Exchange by 27.3% in the fourth quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock worth $7,311,000 after acquiring an additional 12,208 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Intercontinental Exchange by 7.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 126,854 shares of the financial services provider’s stock worth $13,956,000 after acquiring an additional 8,320 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Intercontinental Exchange by 9.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,235,985 shares of the financial services provider’s stock worth $158,738,000 after acquiring an additional 105,042 shares in the last quarter. First County Bank CT lifted its holdings in shares of Intercontinental Exchange by 2.7% in the third quarter. First County Bank CT now owns 3,811 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 100 shares in the last quarter. Finally, CIC Wealth LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $221,000. Institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ICE. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Piper Sandler raised their target price on Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Rosenblatt Securities raised their target price on Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a report on Friday, February 9th. Morgan Stanley raised their target price on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Raymond James raised their target price on Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, January 5th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the transaction, the insider now directly owns 7,476,345 shares in the company, valued at $6,504,420.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Warren Gardiner sold 2,176 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the transaction, the chief financial officer now directly owns 12,061 shares in the company, valued at approximately $1,640,296. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the acquisition, the insider now directly owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The disclosure for this purchase can be found here. In the last three months, insiders have sold 157,491 shares of company stock worth $21,454,204. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

NYSE:ICE traded up $0.11 during trading hours on Friday, reaching $131.93. The stock had a trading volume of 585,494 shares, compared to its average volume of 2,363,873. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day simple moving average of $135.97 and a 200 day simple moving average of $125.05. Intercontinental Exchange, Inc. has a 12-month low of $103.81 and a 12-month high of $140.43. The stock has a market cap of $75.55 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the company posted $1.25 EPS. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 5.97 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. Intercontinental Exchange’s payout ratio is presently 42.86%.

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.