Certuity LLC Invests $224,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

Certuity LLC purchased a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,502 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other hedge funds also recently added to or reduced their stakes in ICE. AMF Tjanstepension AB raised its stake in Intercontinental Exchange by 14.5% during the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock worth $20,441,000 after acquiring an additional 16,130 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Intercontinental Exchange by 836.4% during the third quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 368 shares during the last quarter. Creative Planning increased its position in shares of Intercontinental Exchange by 92.8% during the third quarter. Creative Planning now owns 104,616 shares of the financial services provider’s stock worth $16,805,000 after purchasing an additional 50,354 shares in the last quarter. Swedbank AB lifted its holdings in shares of Intercontinental Exchange by 9.0% in the 3rd quarter. Swedbank AB now owns 92,582 shares of the financial services provider’s stock valued at $14,872,000 after purchasing an additional 7,640 shares during the last quarter. Finally, Magnus Financial Group LLC acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $211,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $168.81 on Friday. The company has a market cap of $96.93 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $169.75. The business has a fifty day moving average of $153.95 and a two-hundred day moving average of $157.37. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.00 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 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, analysts predict that Intercontinental Exchange, Inc. will post 6.63 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 issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 37.66%.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction dated Friday, February 7th. The stock was 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 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. Insiders sold 34,358 shares of company stock valued at $5,535,650 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

ICE has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. UBS Group increased their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Morgan Stanley upped their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average 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.