FJ Capital Management LLC Takes $2.89 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

FJ Capital Management LLC bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,366 shares of the financial services provider's stock, valued at approximately $2,886,000.

Several other hedge funds also recently made changes to their positions in ICE. Sierra Ocean LLC acquired a new position in Intercontinental Exchange during the 4th quarter valued at approximately $25,000. Redwood Park Advisors LLC acquired a new position in Intercontinental Exchange during the 4th quarter valued at approximately $33,000. Lee Danner & Bass Inc. acquired a new position in Intercontinental Exchange during the 4th quarter valued at approximately $34,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange during the 4th quarter valued at approximately $40,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Intercontinental Exchange during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 2.9%

Shares of Intercontinental Exchange stock traded down $5.19 on Monday, reaching $173.14. 4,617,657 shares of the company were exchanged, compared to its average volume of 2,958,718. The stock has a fifty day moving average price of $166.93 and a 200-day moving average price of $160.93. The firm has a market capitalization of $99.32 billion, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a fifty-two week low of $131.79 and a fifty-two week high of $182.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Intercontinental Exchange's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 earnings per share. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.11%. Intercontinental Exchange's dividend payout ratio is 39.75%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ICE. Morgan Stanley boosted their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. UBS Group lifted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Barclays lifted their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Bank of America cut their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $185.93.

Insider Activity

In other news, President Benjamin Jackson sold 7,900 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $166.36, for a total transaction of $1,314,244.00. Following the completion of the sale, the president now owns 160,059 shares in the company, valued at approximately $26,627,415.24. This represents a 4.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now owns 17,972 shares of the company's stock, valued at approximately $3,001,144.28. This trade represents a 27.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,368 shares of company stock worth $7,077,789. 1.00% of the stock is owned by corporate insiders.

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.