Caden Capital Partners LP Has $27.62 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Caden Capital Partners LP increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 114.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 185,371 shares of the financial services provider’s stock after purchasing an additional 99,010 shares during the quarter. Intercontinental Exchange comprises about 8.4% of Caden Capital Partners LP’s portfolio, making the stock its 8th biggest holding. Caden Capital Partners LP’s holdings in Intercontinental Exchange were worth $27,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Intercontinental Exchange in the fourth quarter worth about $25,000. Redwood Park Advisors LLC bought a new stake in Intercontinental Exchange in the fourth quarter worth about $33,000. Lee Danner & Bass Inc. bought a new stake in Intercontinental Exchange in the fourth quarter worth about $34,000. BankPlus Trust Department bought a new stake in Intercontinental Exchange in the fourth quarter worth about $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Intercontinental Exchange in the fourth quarter worth about $45,000. 89.30% of the stock is owned by institutional investors.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the sale, the president now owns 164,041 shares of the company’s stock, valued at approximately $27,183,234.11. The trade was a 3.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the sale, the senior vice president now directly owns 21,992 shares of the company’s stock, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,931 shares of company stock valued at $10,492,868. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Trading Up 0.3 %

NYSE:ICE opened at $163.40 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The stock’s 50-day moving average is $166.46 and its two-hundred day moving average is $160.44. The stock has a market cap of $93.87 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate 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 forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.18%. Intercontinental Exchange’s payout ratio is 40.17%.

Analysts Set New Price Targets

Several equities research analysts have commented on ICE shares. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Bank of America cut their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Finally, Barclays boosted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a 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, the company currently has an average rating of “Moderate Buy” and an average price target of $182.47.

Intercontinental Exchange Company 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.