River Global Investors LLP Purchases 6,391 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

River Global Investors LLP raised its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 55.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,853 shares of the financial services provider’s stock after buying an additional 6,391 shares during the quarter. River Global Investors LLP’s holdings in Intercontinental Exchange were worth $2,293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICE. OFI Invest Asset Management bought a new position in Intercontinental Exchange in the third quarter valued at approximately $25,000. Jones Financial Companies Lllp acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth $26,000. Fortitude Family Office LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth $28,000. Stuart Chaussee & Associates Inc. acquired a new stake in Intercontinental Exchange in the fourth quarter valued at about $28,000. Finally, BKM Wealth Management LLC bought a new position in Intercontinental Exchange in the fourth quarter valued at about $31,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ICE. Keefe, Bruyette & Woods reduced their price target on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Rosenblatt Securities reissued a “buy” rating and set a $164.00 price objective on shares of Intercontinental Exchange in a report on Friday. Raymond James boosted their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 5th. Finally, Citigroup increased their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.92.

Intercontinental Exchange Trading Up 3.1 %

Shares of NYSE ICE traded up $3.96 during midday trading on Friday, reaching $130.50. The stock had a trading volume of 3,991,238 shares, compared to its average volume of 2,404,087. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month high of $140.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.00 and a current ratio of 1.01. The company’s 50 day moving average price is $135.01 and its 200 day moving average price is $125.81. The firm has a market cap of $74.73 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.48. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business posted $1.41 EPS. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 5.95 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, June 13th. Intercontinental Exchange’s payout ratio is 41.28%.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 341 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the transaction, the general counsel now owns 48,713 shares in the company, valued at approximately $6,417,450.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Andrew J. Surdykowski sold 341 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth Kathryn King sold 3,783 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $499,469.49. Following the completion of the transaction, the insider now owns 17,242 shares in the company, valued at approximately $2,276,461.26. The disclosure for this sale can be found here. Insiders sold a total of 157,832 shares of company stock valued at $21,499,127 in the last quarter. 1.10% of the stock is currently owned by company insiders.

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.