Numerai GP LLC Acquires Shares of 20,357 Intercontinental Exchange, Inc. (NYSE:ICE)

Numerai GP LLC acquired a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,357 shares of the financial services provider's stock, valued at approximately $3,033,000. Intercontinental Exchange comprises approximately 0.8% of Numerai GP LLC's holdings, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICE. Strategic Advisors LLC lifted its holdings in shares of Intercontinental Exchange by 5.1% during the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock valued at $201,000 after buying an additional 66 shares during the period. Commons Capital LLC increased its position in Intercontinental Exchange by 1.2% during the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider's stock valued at $886,000 after acquiring an additional 69 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Intercontinental Exchange by 2.2% in the fourth quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider's stock valued at $475,000 after acquiring an additional 70 shares during the period. Clear Harbor Asset Management LLC boosted its position in Intercontinental Exchange by 3.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider's stock worth $294,000 after purchasing an additional 70 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in Intercontinental Exchange by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock worth $465,000 after purchasing an additional 71 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Price Performance

ICE stock traded up $1.25 during mid-day trading on Friday, hitting $176.10. The company had a trading volume of 2,330,889 shares, compared to its average volume of 2,972,476. The company has a 50-day moving average price of $167.15 and a 200 day moving average price of $161.20. Intercontinental Exchange, Inc. has a 12-month low of $131.79 and a 12-month high of $179.44. The company has a market capitalization of $101.01 billion, a price-to-earnings ratio of 36.84, a P/E/G 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.

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

Intercontinental Exchange Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ICE. UBS Group boosted 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. Barclays boosted their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on 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 Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Bank of America reduced their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $185.93.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction 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 transaction, the director now directly owns 21,364 shares of the company's stock, valued at $3,396,876. The trade was a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $166.36, for a total transaction of $1,314,244.00. Following the completion of the sale, the president now owns 160,059 shares of the company's stock, valued at $26,627,415.24. This trade represents a 4.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,368 shares of company stock worth $7,077,789. 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.