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

Tandem Investment Advisors Inc. boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 9.1% in the fourth quarter, Holdings Channel reports. The firm owned 815,688 shares of the financial services provider’s stock after acquiring an additional 68,291 shares during the period. Intercontinental Exchange comprises about 4.6% of Tandem Investment Advisors Inc.’s holdings, making the stock its 3rd biggest position. Tandem Investment Advisors Inc.’s holdings in Intercontinental Exchange were worth $121,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its stake in Intercontinental Exchange by 14.5% in the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after buying an additional 16,130 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Intercontinental Exchange by 836.4% during the third quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 368 shares during the period. Raleigh Capital Management Inc. grew its position in shares of Intercontinental Exchange by 26.4% in the third quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 63 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Intercontinental Exchange by 15.5% in the third quarter. Sequoia Financial Advisors LLC now owns 10,293 shares of the financial services provider’s stock worth $1,653,000 after purchasing an additional 1,378 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Intercontinental Exchange by 3.7% during the 3rd quarter. Signaturefd LLC now owns 8,876 shares of the financial services provider’s stock worth $1,426,000 after purchasing an additional 316 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.0 %

Shares of ICE opened at $167.00 on Friday. 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 company has a 50-day moving average price of $155.18 and a two-hundred day moving average price of $157.99. The stock has a market cap of $95.95 billion, a price-to-earnings ratio of 34.94, a P/E/G ratio of 2.11 and a beta of 1.11. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $169.78.

Intercontinental Exchange (NYSE:ICE) last posted its 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 return on equity of 12.95% and a net margin of 23.42%. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 1.15%. Intercontinental Exchange’s dividend payout ratio is presently 37.66%.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the transaction, the president now directly owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,196 shares of company stock worth $10,840,972. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ICE. Deutsche Bank Aktiengesellschaft lifted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. 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 reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. cut 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 report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

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.