Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Hahn Capital Management LLC

Hahn Capital Management LLC lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 69.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,134 shares of the financial services provider’s stock after acquiring an additional 29,233 shares during the quarter. Intercontinental Exchange makes up approximately 4.6% of Hahn Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Hahn Capital Management LLC’s holdings in Intercontinental Exchange were worth $10,600,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ICE. Quintet Private Bank Europe S.A. lifted its position in shares of Intercontinental Exchange by 13.8% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 62 shares during the period. Integrated Advisors Network LLC lifted its position in shares of Intercontinental Exchange by 4.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 66 shares during the period. Strategic Advisors LLC lifted its position in shares of Intercontinental Exchange by 5.1% during the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 66 shares during the period. Commons Capital LLC lifted its position in shares of Intercontinental Exchange by 1.2% during the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock valued at $886,000 after acquiring an additional 69 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its position in shares of Intercontinental Exchange by 6.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 70 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 601 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the sale, the insider now owns 12,922 shares of the company’s stock, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now directly owns 44,702 shares of the company’s stock, valued at $6,977,088.16. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,368 shares of company stock valued at $9,908,492. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the subject of several recent analyst reports. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Barclays upped their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Price Performance

Shares of ICE opened at $170.91 on Friday. The stock has a market cap of $98.20 billion, a PE ratio of 35.75, a PEG ratio of 2.10 and a beta of 1.11. The business has a 50-day simple moving average of $156.95 and a two-hundred day simple moving average of $158.63. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $173.52.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared 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 of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.12%. Intercontinental Exchange’s payout ratio is 40.17%.

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.