Argentarii LLC Acquires Shares of 3,923 Intercontinental Exchange, Inc. (NYSE:ICE)

Argentarii LLC acquired a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,923 shares of the financial services provider’s stock, valued at approximately $585,000.

A number of other hedge funds have also bought and sold shares of ICE. Principal Financial Group Inc. increased its position in Intercontinental Exchange by 3.7% during the third quarter. Principal Financial Group Inc. now owns 656,874 shares of the financial services provider’s stock valued at $105,520,000 after acquiring an additional 23,638 shares during the last quarter. Verity Asset Management Inc. bought a new position in Intercontinental Exchange during the third quarter valued at $207,000. Capital Performance Advisors LLP bought a new position in Intercontinental Exchange during the third quarter valued at $29,000. Fiera Capital Corp boosted its stake in shares of Intercontinental Exchange by 8.5% during the third quarter. Fiera Capital Corp now owns 29,056 shares of the financial services provider’s stock valued at $4,668,000 after purchasing an additional 2,268 shares during the period. Finally, Beckerman Institutional LLC purchased a new stake in shares of Intercontinental Exchange during the third quarter valued at $562,000. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In other news, SVP Douglas Foley sold 10,580 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. This represents a 32.48 % 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, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,268 shares of company stock worth $11,262,789 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $170.40 on Friday. The company has a market capitalization of $97.91 billion, a PE ratio of 35.65, a P/E/G ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day simple moving average of $159.46 and a two-hundred day simple moving average of $159.29. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $175.41.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results 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%. Research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.13%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 40.17%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ICE. Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. UBS Group boosted 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their target price 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. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

About Intercontinental Exchange

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.