Sycale Advisors NY LLC Buys 45,669 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Sycale Advisors NY LLC boosted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 33.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,443 shares of the financial services provider's stock after buying an additional 45,669 shares during the period. Intercontinental Exchange comprises 7.0% of Sycale Advisors NY LLC's portfolio, making the stock its 5th largest holding. Sycale Advisors NY LLC's holdings in Intercontinental Exchange were worth $27,186,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ICE. Norges Bank acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $1,196,258,000. Royal Bank of Canada boosted its stake in shares of Intercontinental Exchange by 132.9% in the 4th quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock valued at $1,359,173,000 after purchasing an additional 5,204,309 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Intercontinental Exchange by 423.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider's stock valued at $677,465,000 after purchasing an additional 3,678,384 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $406,728,000. Finally, Swedbank AB boosted its stake in shares of Intercontinental Exchange by 2,293.3% in the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after purchasing an additional 2,123,185 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 0.3%

Intercontinental Exchange stock traded down $0.54 during trading hours on Tuesday, reaching $176.21. 2,150,776 shares of the company's stock traded hands, compared to its average volume of 2,978,088. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a fifty-two week low of $131.79 and a fifty-two week high of $179.44. The firm has a market capitalization of $101.08 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 2.10 and a beta of 1.12. The firm's 50 day moving average is $167.60 and its 200-day moving average is $161.52.

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

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. Intercontinental Exchange's payout ratio is presently 39.75%.

Analysts Set New Price Targets

ICE has been the topic of several recent analyst reports. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods upped their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. UBS Group upped their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Bank of America reduced their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $185.93.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. This trade represents a 5.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now owns 21,364 shares in the company, valued at $3,396,876. This represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,468 shares of company stock worth $5,763,545. Company insiders own 1.00% of the company's stock.

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.