Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 815,688 shares of the financial services provider’s stock after acquiring an additional 68,291 shares during the quarter. Intercontinental Exchange comprises about 4.6% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 3rd biggest holding. Tandem Investment Advisors Inc. owned 0.14% of Intercontinental Exchange worth $121,546,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ICE. ING Groep NV acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at $3,867,000. Dash Acquisitions Inc. lifted its holdings in shares of Intercontinental Exchange by 3.7% in the fourth quarter. Dash Acquisitions Inc. now owns 66,942 shares of the financial services provider’s stock valued at $10,633,000 after buying an additional 2,412 shares during the period. Advyzon Investment Management LLC bought a new position in Intercontinental Exchange during the fourth quarter valued at about $392,000. Handelsbanken Fonder AB grew its holdings in Intercontinental Exchange by 6.4% during the fourth quarter. Handelsbanken Fonder AB now owns 257,248 shares of the financial services provider’s stock worth $38,333,000 after acquiring an additional 15,534 shares during the period. Finally, Private Advisor Group LLC raised its position in Intercontinental Exchange by 24.8% in the fourth quarter. Private Advisor Group LLC now owns 38,195 shares of the financial services provider’s stock worth $5,691,000 after acquiring an additional 7,579 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.0 %

Shares of Intercontinental Exchange stock opened at $167.00 on Friday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $169.78. The company has a market cap of $95.95 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.11 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $155.18 and a 200 day moving average price of $157.99.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, analysts expect that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 37.66%.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the sale, the president now directly owns 155,174 shares of the company’s stock, valued at $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,196 shares of company stock worth $10,840,972 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ICE. UBS Group raised their price objective 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. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods boosted their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.80.

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.