River Global Investors LLP Grows Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

River Global Investors LLP grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 55.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,853 shares of the financial services provider’s stock after buying an additional 6,391 shares during the period. River Global Investors LLP’s holdings in Intercontinental Exchange were worth $2,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. OFI Invest Asset Management purchased a new position in Intercontinental Exchange in the third quarter worth about $25,000. Jones Financial Companies Lllp bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $26,000. Fortitude Family Office LLC purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $28,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $28,000. Finally, BKM Wealth Management LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at approximately $31,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Trading Up 3.1 %

ICE traded up $3.96 during trading on Friday, hitting $130.50. 3,991,238 shares of the stock were exchanged, compared to its average volume of 2,404,087. Intercontinental Exchange, Inc. has a 1 year low of $103.81 and a 1 year high of $140.43. The firm has a market cap of $74.73 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 2.08 and a beta of 1.02. The firm has a 50 day simple moving average of $135.01 and a 200 day simple moving average of $125.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.00 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 5.95 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.38%. Intercontinental Exchange’s payout ratio is presently 41.28%.

Insider Activity

In related news, SVP Douglas Foley sold 7,070 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.09, for a total value of $962,156.30. Following the completion of the transaction, the senior vice president now owns 18,383 shares of the company’s stock, valued at $2,501,742.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Intercontinental Exchange news, SVP Douglas Foley sold 7,070 shares of Intercontinental Exchange stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $136.09, for a total value of $962,156.30. Following the transaction, the senior vice president now owns 18,383 shares in the company, valued at $2,501,742.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Warren Gardiner sold 2,176 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $136.00, for a total transaction of $295,936.00. Following the sale, the chief financial officer now directly owns 12,061 shares of the company’s stock, valued at $1,640,296. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,832 shares of company stock worth $21,499,127. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ICE. JPMorgan Chase & Co. lifted their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday. Keefe, Bruyette & Woods dropped their price target on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday. Bank of America reduced their price objective on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Citigroup upped their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.92.

Intercontinental Exchange 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.