Triavera Capital LLC Takes Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Triavera Capital LLC purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 68,023 shares of the financial services provider’s stock, valued at approximately $10,136,000. Intercontinental Exchange comprises 5.5% of Triavera Capital LLC’s portfolio, making the stock its 7th biggest holding.

A number of other hedge funds have also modified their holdings of the stock. Sierra Ocean LLC acquired a new position in Intercontinental Exchange during the fourth quarter worth $25,000. Redwood Park Advisors LLC acquired a new position in Intercontinental Exchange during the fourth quarter worth $33,000. Lee Danner & Bass Inc. acquired a new position in Intercontinental Exchange during the fourth quarter worth $34,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange during the fourth quarter worth $40,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Intercontinental Exchange during the fourth quarter worth $44,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on ICE shares. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Bank of America lowered their price target on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. UBS Group raised their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Morgan Stanley raised their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Finally, Barclays raised their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.93.

Intercontinental Exchange Stock Up 0.7%

NYSE ICE opened at $176.10 on Friday. 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 firm has a 50-day simple moving average of $167.31 and a 200 day simple moving average of $161.23. Intercontinental Exchange, Inc. has a twelve month low of $131.79 and a twelve month high of $179.44. The stock has a market cap of $101.01 billion, a PE ratio of 36.84, a PEG ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE) last released 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. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $1.48 earnings per share. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. Intercontinental Exchange’s dividend payout ratio is 39.75%.

Insiders Place Their Bets

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $166.36, for a total transaction of $1,314,244.00. Following the completion of the transaction, the president now owns 160,059 shares in the company, valued at $26,627,415.24. This trade represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Scott Edmonds sold 6,834 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the transaction, the insider now owns 17,972 shares of the company’s stock, valued at approximately $3,001,144.28. This represents a 27.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,368 shares of company stock worth $7,077,789 over the last quarter. Company 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.