Linscomb Wealth Inc. significantly increased its stake in Intercontinental Exchange (ICE) by 568.9% in Q3, investing $2.25 million. This coincides with ICE reporting strong Q4 earnings, beating revenue and EPS estimates, and announcing an 8% increase in its quarterly dividend. Despite some insider selling, institutional ownership remains high at 89.3%, and analysts maintain a “Buy” rating with a target price of $193.50.
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Intercontinental Exchange Inc. $ICE Shares Purchased by Linscomb Wealth Inc.
Linscomb Wealth Inc. significantly increased its stake in Intercontinental Exchange (ICE) by 568.9% in Q3, investing $2.25 million. This coincides with ICE reporting strong Q4 earnings, beating revenue and EPS estimates, and announcing an 8% increase in its quarterly dividend. Despite some insider selling, institutional ownership remains high at 89.3%, and analysts maintain a “Buy” rating with a target price of $193.50.