Charles Schwab Investment Management Inc. raised its stock holdings in Intercontinental Exchange Inc. (NYSE: ICE) by 1.4% during the first quarter, according to the company's most recent SEC filing. The firm now owns 3,277,229 shares of ICE, valued at approximately $565.3 million, representing about 0.57% of the company's total shares. Charles Schwab purchased an additional 44,320 shares during the period.\n\nMultiple hedge funds also adjusted their positions in ICE. Tsfg LLC increased its holdings by 187.3%, now owning 158 shares valued at $27,000. Rakuten Securities Inc. grew its position by 595.8%, now holding 167 shares worth $29,000. REAP Financial Group LLC increased its holdings by 116.7%, now owning 169 shares valued at $25,000. McClarren Financial Advisors Inc. and Global Trust Asset Management LLC each purchased new positions worth approximately $30,000 and $31,000, respectively.\n\nInstitutional investors collectively own 89.30% of ICE's stock, indicating strong institutional interest. The company recently declared a $0.48 quarterly dividend, resulting in a 1.0% dividend yield and a payout ratio of 36.85%. The dividend will be paid on September 30th to shareholders of record on September 16th, with an annualized dividend of $1.92.\n\nICE reported earnings on July 31st, posting $1.81 EPS, which exceeded the consensus estimate of $1.77 by $0.04. Revenue reached $3.26 billion, up 9.8% year-over-year, with a net margin of 23.92% and a return on equity of 13.66%. Analysts predict 6.73 EPS for the current fiscal year.\n\nSeveral research firms have raised their price targets on ICE: UBS increased its target from $195.00 to $210.00 with a 'buy' rating; Keefe, Bruyette & Woods raised it to $189.00 with an 'outperform' rating; Barclays raised it to $212.00 with an 'overweight' rating; Piper Sandler raised it to $202.00 with an 'overweight' rating; and Morgan Stanley raised it to $192.00 with an 'equal weight' rating. The consensus rating among analysts is 'Moderate Buy' with an average target price of $194.92.\n\nInsider activity includes a senior vice president who sold 1,600 shares at $177.48, reducing their position by 5.53%, and a director who sold 795 shares at $183.30, decreasing ownership by 5.03%. Over the past three months, insiders have sold 226,913 shares worth $40,671,107, representing 1.00% of the company's stock.\n\nIntercontinental Exchange provides market infrastructure, data services, and technology solutions to financial institutions, corporations, and government entities across the U.S., U.K., EU, Singapore, India, Abu Dhabi, Israel, and Canada. The company's stock traded down 0.2% to $185.98 on Monday, with a volume of 1,305,759 shares. Its 50-day moving average is $181.66, and the 200-day average is $172.76. Key financial metrics include a current ratio of 1.01, quick ratio of 1.01, and a debt-to-equity ratio of 0.61. The stock has a market cap of $106.46 billion, a P/E ratio of 35.70, a PEG ratio of 2.21, and a beta of 1.11. The 12-month price range is $142.29 to $189.35.

Charles Schwab Investment Management Inc. Raises Stock Holdings in Intercontinental Exchange Inc. (NYSE:ICE)

Charles Schwab Investment Management Inc. increased its holdings in Intercontinental Exchange Inc. (ICE) by 1.4% in the first quarter, now owning 3,277,229 shares valued at $565.3 million, representing 0.57% of ICE's total shares. Multiple hedge funds also adjusted their positions, with Tsfg LLC, Rakuten Securities Inc., REAP Financial Group LLC, McClarren Financial Advisors Inc., and Global Trust Asset Management LLC increasing their holdings. Institutional investors collectively own 89.30% of ICE's stock. ICE reported earnings on July 31 with $1.81 EPS, revenue of $3.26 billion (up 9.8% YoY), and a net margin of 23.92%. The company declared a $0.48 quarterly dividend with a 1.0% yield and 36.85% payout ratio, to be paid on September 30. Analysts have raised price targets on ICE, with UBS, Keefe, Bruyette & Woods, Barclays, Piper Sandler, and Morgan Stanley increasing their estimates to $210, $189, $212, $202, and $192, respectively. The consensus rating is 'Moderate Buy' with an average target price of $194.92. Insider activity shows a senior vice president and a director selling shares, with total insider sales over three months amounting to 226,913 shares worth $40,671,107 (1.00% of the company's stock). ICE provides market infrastructure, data services, and technology solutions to financial institutions, corporations, and government entities globally, with operations in the U.S., U.K., EU, Singapore, India, Abu Dhabi, Israel, and Canada. The stock traded down 0.2% to $185.98 on Monday, with a market cap of $106.46 billion, P/E ratio of 35.70, and a 12-month price range of $142.29 to $189.35.