15,785 Shares in Intercontinental Exchange Inc. $ICE Purchased by Caprock Group LLC

Caprock Group LLC acquired a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,785 shares of the financial services provider’s stock, valued at approximately $2,788,000.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC grew its holdings in Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 1,169 shares during the period. Empowered Funds LLC boosted its position in shares of Intercontinental Exchange by 9.0% in the 1st quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 1,189 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Intercontinental Exchange by 16.2% during the second quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 289 shares during the period. CWM LLC increased its holdings in Intercontinental Exchange by 13.8% in the second quarter. CWM LLC now owns 18,159 shares of the financial services provider’s stock valued at $3,332,000 after purchasing an additional 2,197 shares during the last quarter. Finally, MGO One Seven LLC lifted its stake in Intercontinental Exchange by 19.7% in the second quarter. MGO One Seven LLC now owns 9,236 shares of the financial services provider’s stock valued at $1,694,000 after buying an additional 1,517 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 1,770 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $152.52, for a total value of $269,960.40. Following the completion of the transaction, the general counsel owned 44,212 shares of the company’s stock, valued at approximately $6,743,214.24. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total transaction of $22,962,000.00. Following the completion of the sale, the chief executive officer owned 1,801,705 shares in the company, valued at $275,805,001.40. The trade was a 7.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 181,570 shares of company stock worth $28,077,452. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ICE has been the subject of several analyst reports. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Barclays set a $193.00 target price on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. Finally, UBS Group restated a “buy” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $195.40.

Intercontinental Exchange Trading Down 1.4%

Shares of NYSE:ICE opened at $149.82 on Friday. The firm has a market cap of $85.08 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.58 and a beta of 1.02. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The company’s fifty day simple moving average is $165.35 and its 200 day simple moving average is $165.86. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. As a group, research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 annualized dividend and a yield of 1.4%. Intercontinental Exchange’s payout ratio is presently 33.28%.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.