Guyasuta Investment Advisors Inc. Invests $519,000 in Intercontinental Exchange Inc. $ICE

Guyasuta Investment Advisors Inc. acquired a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,203 shares of the financial services provider’s stock, valued at approximately $519,000.

Several other large investors have also modified their holdings of ICE. Brown Miller Wealth Management LLC increased its position in Intercontinental Exchange by 1.5% during the 4th quarter. Brown Miller Wealth Management LLC now owns 16,048 shares of the financial services provider’s stock worth $2,599,000 after purchasing an additional 232 shares in the last quarter. Iridian Asset Management LLC CT increased its position in Intercontinental Exchange by 60.7% during the 4th quarter. Iridian Asset Management LLC CT now owns 16,166 shares of the financial services provider’s stock worth $2,618,000 after purchasing an additional 6,104 shares in the last quarter. Choreo LLC increased its position in Intercontinental Exchange by 8.2% during the 4th quarter. Choreo LLC now owns 17,188 shares of the financial services provider’s stock worth $2,811,000 after purchasing an additional 1,307 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in Intercontinental Exchange by 6.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 67,093 shares of the financial services provider’s stock worth $10,866,000 after purchasing an additional 3,825 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its position in Intercontinental Exchange by 15.9% during the 4th quarter. Diversify Advisory Services LLC now owns 3,734 shares of the financial services provider’s stock worth $650,000 after purchasing an additional 511 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Lynn C. Martin sold 13,456 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the transaction, the insider directly owned 54,319 shares in the company, valued at $8,357,521.34. This trade represents a 19.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 11,303 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $153.82, for a total value of $1,738,627.46. Following the transaction, the insider owned 14,266 shares in the company, valued at $2,194,396.12. This trade represents a 44.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 348,418 shares of company stock valued at $54,196,631 over the last three months. 0.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $195.00 target price (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods assumed coverage on shares of Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 target price for the company. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $180.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of “Buy” and an average price target of $192.20.

Intercontinental Exchange Stock Up 0.1%

ICE stock opened at $160.71 on Monday. Intercontinental Exchange Inc. has a twelve month low of $143.17 and a twelve month high of $189.35. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $91.03 billion, a P/E ratio of 27.85, a PEG ratio of 1.72 and a beta of 1.03. The firm has a 50 day simple moving average of $160.26 and a 200-day simple moving average of $160.24.

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

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors 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 annualized dividend and a yield of 1.3%. Intercontinental Exchange’s dividend payout ratio (DPR) is 36.05%.

Intercontinental Exchange Company Profile

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.