Banco Santander S.A. Has $41.04 Million Stake in Intercontinental Exchange Inc. (NYSE:ICE)

Banco Santander S.A. lifted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 16.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,892 shares of the financial services provider’s stock after purchasing an additional 33,699 shares during the quarter. Banco Santander S.A.’s holdings in Intercontinental Exchange were worth $41,036,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Governors Lane LP lifted its stake in Intercontinental Exchange by 88.0% in the fourth quarter. Governors Lane LP now owns 127,100 shares of the financial services provider’s stock valued at $18,939,000 after buying an additional 59,500 shares in the last quarter. Tema Etfs LLC acquired a new position in Intercontinental Exchange in the 4th quarter worth $1,107,000. Ilmarinen Mutual Pension Insurance Co increased its holdings in Intercontinental Exchange by 61.0% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 157,800 shares of the financial services provider’s stock worth $23,514,000 after purchasing an additional 59,800 shares in the last quarter. Capital Investment Advisory Services LLC bought a new position in Intercontinental Exchange during the 1st quarter worth about $349,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Intercontinental Exchange by 18.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,168 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 1,879 shares during the period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.2%

ICE stock opened at $184.48 on Friday. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $187.38. The business’s 50 day simple moving average is $180.71 and its 200 day simple moving average is $171.21. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $105.82 billion, a PE ratio of 35.41, a PEG ratio of 2.03 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.77 by $0.04. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $2.50 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.0%. Intercontinental Exchange’s dividend payout ratio is currently 39.75%.

Insider Transactions at Intercontinental Exchange

In other news, Director Sharon Bowen sold 795 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $183.30, for a total value of $145,723.50. Following the transaction, the director owned 15,000 shares of the company’s stock, valued at approximately $2,749,500. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James W. Namkung sold 612 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $180.00, for a total value of $110,160.00. Following the sale, the chief accounting officer directly owned 13,220 shares of the company’s stock, valued at approximately $2,379,600. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 226,913 shares of company stock worth $40,671,107. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ICE shares. UBS Group lifted their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Piper Sandler lifted their price objective on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Barclays increased their target price on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange 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.