5,799 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Purchased by Fjell Capital LLC

Fjell Capital LLC bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,799 shares of the financial services provider’s stock, valued at approximately $864,000.

Other hedge funds have also made changes to their positions in the company. Kirtland Hills Capital Management LLC lifted its holdings in Intercontinental Exchange by 1.0% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 14,253 shares of the financial services provider’s stock valued at $2,124,000 after acquiring an additional 141 shares during the last quarter. Sprott Inc. raised its position in Intercontinental Exchange by 2.4% in the fourth quarter. Sprott Inc. now owns 3,085 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 73 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of Intercontinental Exchange by 16.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 26,999 shares of the financial services provider’s stock worth $4,023,000 after purchasing an additional 3,903 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Intercontinental Exchange by 392.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 72,304 shares of the financial services provider’s stock worth $10,774,000 after purchasing an additional 57,635 shares during the last quarter. Finally, Vaughan David Investments LLC IL raised its holdings in Intercontinental Exchange by 0.6% in the 4th quarter. Vaughan David Investments LLC IL now owns 291,917 shares of the financial services provider’s stock valued at $43,499,000 after buying an additional 1,861 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 1.7 %

Shares of NYSE:ICE opened at $171.25 on Wednesday. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $171.61. The firm’s 50 day moving average price is $156.07 and its 200 day moving average price is $158.46. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market cap of $98.40 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Insider Activity

In other news, President Benjamin Jackson sold 17,104 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the transaction, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Douglas Foley sold 10,580 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now directly owns 21,992 shares in the company, valued at $3,661,008.24. This trade represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,368 shares of company stock worth $9,908,492. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on ICE shares. Barclays increased their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, UBS Group lifted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

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.