Farringdon Capital Ltd. Buys Shares of 4,575 Intercontinental Exchange, Inc. (NYSE:ICE)

Farringdon Capital Ltd. purchased a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,575 shares of the financial services provider’s stock, valued at approximately $682,000.

Several other institutional investors have also made changes to their positions in the company. Demars Financial Group LLC increased its holdings in Intercontinental Exchange by 15,236.6% in the fourth quarter. Demars Financial Group LLC now owns 302,131 shares of the financial services provider’s stock worth $45,021,000 after buying an additional 300,161 shares during the last quarter. Charter Oak Advisors LP acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth $15,957,000. Gamco Investors INC. ET AL raised its holdings in shares of Intercontinental Exchange by 13.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,556 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 189 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Intercontinental Exchange by 27.0% during the 4th quarter. Gabelli Funds LLC now owns 38,780 shares of the financial services provider’s stock valued at $5,779,000 after purchasing an additional 8,240 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Intercontinental Exchange by 1.0% in the 4th quarter. Jump Financial LLC now owns 218,573 shares of the financial services provider’s stock valued at $32,570,000 after purchasing an additional 2,119 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Down 0.9 %

NYSE ICE opened at $158.44 on Thursday. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. The stock has a market cap of $91.02 billion, a PE ratio of 33.15, a PEG ratio of 2.10 and a beta of 1.09. The firm has a 50-day simple moving average of $167.45 and a 200 day simple moving average of $160.52. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

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 return on equity of 12.95% and a net margin of 23.42%. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current 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 paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.21%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

ICE has been the topic of several recent research reports. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Barclays raised their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, UBS Group raised their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.47.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.71, for a total value of $965,757.88. Following the sale, the president now owns 164,041 shares of the company’s stock, valued at $27,183,234.11. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lynn C. Martin sold 4,155 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $165.60, for a total transaction of $688,068.00. Following the completion of the transaction, the insider now directly owns 57,376 shares of the company’s stock, valued at $9,501,465.60. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,301 shares of company stock valued at $10,074,698 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

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.