Graham Capital Management L.P. Grows Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Graham Capital Management L.P. boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 288.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,136 shares of the financial services provider's stock after buying an additional 32,042 shares during the quarter. Graham Capital Management L.P.'s holdings in Intercontinental Exchange were worth $6,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Focus Partners Wealth boosted its position in shares of Intercontinental Exchange by 8.0% during the fourth quarter. Focus Partners Wealth now owns 351,995 shares of the financial services provider's stock valued at $52,451,000 after buying an additional 26,133 shares during the period. Ethic Inc. increased its stake in Intercontinental Exchange by 9.6% in the fourth quarter. Ethic Inc. now owns 71,307 shares of the financial services provider's stock worth $10,625,000 after purchasing an additional 6,225 shares during the period. Fiduciary Trust Co lifted its position in shares of Intercontinental Exchange by 21.7% during the fourth quarter. Fiduciary Trust Co now owns 22,254 shares of the financial services provider's stock worth $3,316,000 after purchasing an additional 3,975 shares during the last quarter. First Manhattan CO. LLC. boosted its stake in shares of Intercontinental Exchange by 12.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,144,827 shares of the financial services provider's stock valued at $170,812,000 after purchasing an additional 123,268 shares during the period. Finally, FJ Capital Management LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth about $2,886,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $178.73 on Friday. Intercontinental Exchange, Inc. has a fifty-two week low of $131.79 and a fifty-two week high of $179.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $102.52 billion, a PE ratio of 37.39, a P/E/G ratio of 2.10 and a beta of 1.12. The business has a 50-day simple moving average of $166.93 and a two-hundred day simple moving average of $161.00.

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 for the quarter, topping the consensus estimate of $1.70 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 EPS. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange 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 directly owns 21,364 shares in the company, valued at approximately $3,396,876. The trade was a 10.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the completion of the sale, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,368 shares of company stock worth $7,077,789. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on ICE shares. Barclays raised their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Bank of America lowered their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Morgan Stanley raised their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $185.93.

About Intercontinental Exchange

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.

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