Caden Capital Partners LP Has $27.62 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Caden Capital Partners LP boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 114.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,371 shares of the financial services provider's stock after acquiring an additional 99,010 shares during the quarter. Intercontinental Exchange accounts for 8.4% of Caden Capital Partners LP's holdings, making the stock its 8th largest position. Caden Capital Partners LP's holdings in Intercontinental Exchange were worth $27,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $25,000. Redwood Park Advisors LLC acquired a new position in Intercontinental Exchange during the fourth quarter worth $33,000. Lee Danner & Bass Inc. purchased a new stake in Intercontinental Exchange in the 4th quarter valued at $34,000. BankPlus Trust Department acquired a new stake in shares of Intercontinental Exchange in the 4th quarter worth $40,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth $45,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 6,834 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the transaction, the insider now directly owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Benjamin Jackson sold 17,104 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the transaction, the president now directly owns 155,174 shares in the company, valued at approximately $25,855,091.88. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,931 shares of company stock valued at $10,492,868. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE traded up $2.78 during midday trading on Thursday, hitting $170.75. 4,008,875 shares of the company's stock were exchanged, compared to its average volume of 2,938,976. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $98.10 billion, a P/E ratio of 35.72, a PEG ratio of 2.10 and a beta of 1.09. The stock's 50 day moving average price is $166.38 and its 200-day moving average price is $160.54.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping 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 previous year, the firm earned $1.48 EPS. Intercontinental Exchange's revenue was up 8.0% on a year-over-year basis. Equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.12%. Intercontinental Exchange's payout ratio is presently 40.17%.

Analyst Ratings Changes

A number of research firms have commented on ICE. Bank of America reduced their target price 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, UBS Group raised their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.47.

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.