Syon Capital LLC Acquires 487 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Syon Capital LLC boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,859 shares of the financial services provider’s stock after purchasing an additional 487 shares during the quarter. Syon Capital LLC’s holdings in Intercontinental Exchange were worth $753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its stake in Intercontinental Exchange by 219.8% during the third quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after acquiring an additional 8,348,126 shares in the last quarter. Invesco Ltd. boosted its holdings in Intercontinental Exchange by 21.1% in the third quarter. Invesco Ltd. now owns 6,073,725 shares of the financial services provider’s stock valued at $668,231,000 after acquiring an additional 1,058,536 shares during the last quarter. Vanguard Group Inc. raised its holdings in Intercontinental Exchange by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock worth $5,162,041,000 after purchasing an additional 1,012,034 shares during the last quarter. Barclays PLC lifted its position in shares of Intercontinental Exchange by 58.8% in the 3rd quarter. Barclays PLC now owns 2,374,570 shares of the financial services provider’s stock worth $261,251,000 after purchasing an additional 879,646 shares during the period. Finally, Third Point LLC increased its position in shares of Intercontinental Exchange by 29.2% during the third quarter. Third Point LLC now owns 2,389,934 shares of the financial services provider’s stock worth $262,941,000 after buying an additional 539,934 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at $161,893,392.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Douglas Foley sold 7,070 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.09, for a total transaction of $962,156.30. Following the completion of the sale, the senior vice president now directly owns 18,383 shares in the company, valued at $2,501,742.47. The disclosure for this sale can be found here. Insiders sold a total of 157,491 shares of company stock worth $21,454,204 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 0.1 %

NYSE ICE traded down $0.12 during trading hours on Friday, hitting $131.70. 2,406,405 shares of the company were exchanged, compared to its average volume of 2,386,540. The stock has a 50-day moving average price of $135.97 and a 200 day moving average price of $125.05. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. Intercontinental Exchange, Inc. has a 52 week low of $103.81 and a 52 week high of $140.43. The stock has a market cap of $75.41 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. Intercontinental Exchange’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. Analysts forecast that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s dividend payout ratio is currently 42.86%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ICE shares. Barclays lifted their target price on Intercontinental Exchange from $153.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Rosenblatt Securities boosted their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. boosted their price objective on Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Citigroup upped their price objective on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.08.

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.