Triavera Capital LLC Makes New $10.14 Million Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Triavera Capital LLC acquired a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 68,023 shares of the financial services provider's stock, valued at approximately $10,136,000. Intercontinental Exchange accounts for 5.5% of Triavera Capital LLC's portfolio, making the stock its 7th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming raised its holdings in shares of Intercontinental Exchange by 55.6% in the fourth quarter. State of Wyoming now owns 476 shares of the financial services provider's stock valued at $71,000 after buying an additional 170 shares during the last quarter. Sycale Advisors NY LLC boosted its position in Intercontinental Exchange by 33.4% in the 4th quarter. Sycale Advisors NY LLC now owns 182,443 shares of the financial services provider's stock valued at $27,186,000 after buying an additional 45,669 shares during the last quarter. Tema Etfs LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at $1,107,000. Skye Global Management LP acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $2,503,000. Finally, Shell Asset Management Co. raised its position in shares of Intercontinental Exchange by 16.0% during the fourth quarter. Shell Asset Management Co. now owns 22,723 shares of the financial services provider's stock worth $3,386,000 after acquiring an additional 3,142 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Analyst Ratings Changes

ICE has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. UBS Group upped their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Bank of America lowered their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Barclays increased their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a report on Friday, May 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $185.93.

Intercontinental Exchange Trading Down 0.3%

Intercontinental Exchange stock traded down $0.54 during mid-day trading on Tuesday, hitting $176.21. 2,150,776 shares of the company's stock were exchanged, compared to its average volume of 2,978,088. The firm has a market capitalization of $101.08 billion, a P/E ratio of 36.86, a PEG 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. The company's 50 day simple moving average is $167.60 and its 200-day simple moving average is $161.52. Intercontinental Exchange, Inc. has a fifty-two week low of $131.79 and a fifty-two week high of $179.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted 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 business had revenue of $2.47 billion during the quarter, compared to analysts' expectations 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 prior year, the business earned $1.48 EPS. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

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 issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.09%. Intercontinental Exchange's payout ratio is 39.75%.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the sale, the president now directly owns 155,174 shares in the company, valued at $25,855,091.88. This trade represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the director now owns 21,364 shares of the company's stock, valued at $3,396,876. The trade was a 10.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,468 shares of company stock valued at $5,763,545. 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.