Two Sigma Investments LP boosted its position in shares of Intercontinental Exchange (NYSE:ICE) by 491.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,641 shares of the financial services provider’s stock after purchasing an additional 19,641 shares during the quarter. Two Sigma Investments LP’s holdings in Intercontinental Exchange were worth $1,104,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. purchased a new stake in Intercontinental Exchange during the 4th quarter valued at about $109,000. Valeo Financial Advisors LLC grew its position in Intercontinental Exchange by 257.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,627 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,172 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Intercontinental Exchange during the 4th quarter valued at about $122,000. Cerebellum GP LLC purchased a new stake in Intercontinental Exchange during the 4th quarter valued at about $127,000. Finally, Americafirst Capital Management LLC purchased a new stake in Intercontinental Exchange during the 3rd quarter valued at about $145,000. 90.73% of the stock is currently owned by institutional investors.
Shares of NYSE ICE opened at $70.62 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. The stock has a market cap of $41,121.61, a PE ratio of 24.02, a P/E/G ratio of 2.47 and a beta of 0.64. Intercontinental Exchange has a 52-week low of $57.91 and a 52-week high of $76.30.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 10.83%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. equities research analysts forecast that Intercontinental Exchange will post 3.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, September 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, September 12th. Intercontinental Exchange’s payout ratio is 32.54%.
ICE has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. JPMorgan Chase raised shares of Intercontinental Exchange from a “neutral” rating to an “overweight” rating and raised their price target for the company from $76.00 to $83.00 in a report on Tuesday, February 20th. Argus raised their price target 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. Berenberg Bank began coverage on shares of Intercontinental Exchange in a report on Thursday, January 25th. They set a “buy” rating and a $90.00 price target on the stock. Finally, Bank of America dropped their price target 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 eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $77.77.
In related news, insider Thomas W. Farley sold 18,046 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $73.97, for a total value of $1,334,862.62. Following the transaction, the insider now owns 86,293 shares of the company’s stock, valued at $6,383,093.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Charles A. Vice sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $71.97, for a total transaction of $3,598,500.00. Following the completion of the transaction, the insider now directly owns 432,507 shares in the company, valued at approximately $31,127,528.79. The disclosure for this sale can be found here. In the last three months, insiders sold 237,074 shares of company stock worth $17,377,209. 1.50% of the stock is currently owned by insiders.
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About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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