Jump Trading LLC increased its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 200.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,702 shares of the financial services provider’s stock after buying an additional 31,159 shares during the period. Intercontinental Exchange accounts for approximately 0.4% of Jump Trading LLC’s investment portfolio, making the stock its 9th biggest position. Jump Trading LLC’s holdings in Intercontinental Exchange were worth $3,295,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BB&T Securities LLC increased its holdings in shares of Intercontinental Exchange by 17.6% in the fourth quarter. BB&T Securities LLC now owns 22,270 shares of the financial services provider’s stock valued at $1,571,000 after purchasing an additional 3,332 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Intercontinental Exchange by 0.3% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,420,639 shares of the financial services provider’s stock valued at $100,240,000 after purchasing an additional 3,627 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Intercontinental Exchange by 14.2% in the fourth quarter. Glenmede Trust Co. NA now owns 9,848 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 1,224 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at $1,057,000. Finally, Biltmore Family Office LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at $1,191,000. Institutional investors and hedge funds own 90.73% of the company’s stock.
In related news, insider Dean S. Mathison sold 2,570 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $69.77, for a total value of $179,308.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Benjamin Jackson sold 3,045 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $74.17, for a total transaction of $225,847.65. The disclosure for this sale can be found here. Insiders sold 197,144 shares of company stock worth $14,502,143 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.
Intercontinental Exchange stock opened at $74.53 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange Inc has a one year low of $57.91 and a one year high of $76.30. The company has a market cap of $43,398.39, a PE ratio of 17.58, a P/E/G ratio of 2.61 and a beta of 0.65.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.01. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 10.83%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company posted $0.71 earnings per share. Intercontinental Exchange’s revenue was up .5% compared to the same quarter last year. research analysts anticipate that Intercontinental Exchange Inc will post 3.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, September 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 22.64%.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Wednesday, January 3rd. JPMorgan Chase & Co. upgraded shares of Intercontinental Exchange from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $76.00 to $83.00 in a report on Tuesday, February 20th. Berenberg Bank assumed coverage on shares of Intercontinental Exchange in a report on Thursday, January 25th. They issued a “buy” rating and a $90.00 price objective on the stock. Argus upped their price objective on shares of Intercontinental Exchange from $72.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Finally, Bank of America decreased their price objective on shares of Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $76.62.
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Intercontinental Exchange Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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