10,802 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by 111 Capital

111 Capital acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,802 shares of the financial services provider's stock, valued at approximately $1,610,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ICE. Kestra Private Wealth Services LLC increased its position in Intercontinental Exchange by 6.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock worth $11,022,000 after buying an additional 4,787 shares during the period. Governors Lane LP grew its position in shares of Intercontinental Exchange by 88.0% during the fourth quarter. Governors Lane LP now owns 127,100 shares of the financial services provider's stock worth $18,939,000 after acquiring an additional 59,500 shares during the last quarter. Avantra Family Wealth Inc. acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at $702,000. National Pension Service raised its position in Intercontinental Exchange by 19.1% in the 4th quarter. National Pension Service now owns 1,239,140 shares of the financial services provider's stock valued at $184,644,000 after purchasing an additional 198,311 shares during the last quarter. Finally, Hahn Capital Management LLC raised its position in Intercontinental Exchange by 69.8% in the 4th quarter. Hahn Capital Management LLC now owns 71,134 shares of the financial services provider's stock valued at $10,600,000 after purchasing an additional 29,233 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Bank of America lowered their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Barclays upped their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. UBS Group increased their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $188.46.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 397 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $177.11, for a total value of $70,312.67. Following the sale, the director now owns 4,526 shares of the company's stock, valued at approximately $801,599.86. This represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now directly owns 21,364 shares of the company's stock, valued at $3,396,876. This trade represents a 10.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,579 shares of company stock valued at $584,818. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock traded up $1.42 during trading on Friday, reaching $179.95. The company's stock had a trading volume of 5,439,058 shares, compared to its average volume of 3,019,714. The business has a 50 day moving average price of $168.09 and a 200-day moving average price of $162.72. Intercontinental Exchange, Inc. has a 12-month low of $132.57 and a 12-month high of $180.64. The company has a market capitalization of $103.22 billion, a P/E ratio of 37.65, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the company earned $1.48 earnings per share. Intercontinental Exchange's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

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.