Sivia Capital Partners LLC Increases Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Sivia Capital Partners LLC lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,789 shares of the financial services provider’s stock after purchasing an additional 78 shares during the period. Sivia Capital Partners LLC’s holdings in Intercontinental Exchange were worth $309,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 1,169 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Intercontinental Exchange by 56.7% during the 4th quarter. Spire Wealth Management now owns 721 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 261 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 18.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,777 shares of the financial services provider’s stock valued at $265,000 after buying an additional 277 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $51,000. Finally, Apollon Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 27.2% during the fourth quarter. Apollon Wealth Management LLC now owns 18,036 shares of the financial services provider’s stock valued at $2,688,000 after buying an additional 3,854 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ICE. Bank of America decreased their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Morgan Stanley raised their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Barclays raised their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $188.46.

Intercontinental Exchange Stock Up 0.1%

Shares of ICE stock opened at $178.70 on Monday. The stock has a 50 day moving average of $168.60 and a 200 day moving average of $163.49. 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 market cap of $102.51 billion, a P/E ratio of 37.38, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a twelve month low of $132.93 and a twelve month high of $180.89.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the firm earned $1.48 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.07%. Intercontinental Exchange’s payout ratio is 39.75%.

Insider Activity at Intercontinental Exchange

In other news, Director Martha A. Tirinnanzi sold 397 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $177.11, for a total value of $70,312.67. Following the completion of the sale, the director now directly owns 4,526 shares in the company, valued at $801,599.86. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the business’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now directly owns 21,364 shares of the company’s stock, valued at approximately $3,396,876. The trade was a 10.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,354 shares of company stock worth $40,512,695 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.