TFR Capital LLC. Buys Shares of 9,744 Intercontinental Exchange, Inc. (NYSE:ICE)

TFR Capital LLC. purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,744 shares of the financial services provider's stock, valued at approximately $1,452,000.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth about $25,000. REAP Financial Group LLC lifted its stake in shares of Intercontinental Exchange by 116.7% in the fourth quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after acquiring an additional 91 shares in the last quarter. Menard Financial Group LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth about $29,000. Redwood Park Advisors LLC acquired a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $33,000. Finally, Lee Danner & Bass Inc. acquired a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction on Wednesday, April 16th. The stock was 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 directly owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 552 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $174.52, for a total value of $96,335.04. Following the sale, the insider now owns 15,658 shares of the company's stock, valued at approximately $2,732,634.16. This represents a 3.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,579 shares of company stock valued at $584,818 over the last quarter. Company insiders own 1.00% of the company's stock.

Intercontinental Exchange Price Performance

NYSE ICE traded up $1.42 on Friday, reaching $179.95. 5,439,058 shares of the stock traded hands, compared to its average volume of 3,019,494. The firm's fifty day simple moving average is $168.09 and its 200 day simple moving average is $162.63. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $103.22 billion, a price-to-earnings ratio of 37.65, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 12 month low of $132.57 and a 12 month high of $180.64.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share 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 business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the company posted $1.48 EPS. Intercontinental Exchange's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given 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 presently 39.75%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ICE. UBS Group lifted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods increased their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Bank of America dropped their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley increased their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Wall Street Zen upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus target price of $188.46.

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.