Syon Capital LLC Has $753,000 Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Syon Capital LLC raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 9.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,859 shares of the financial services provider’s stock after purchasing an additional 487 shares during the quarter. Syon Capital LLC’s holdings in Intercontinental Exchange were worth $753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ICE. Proficio Capital Partners LLC bought a new position in shares of Intercontinental Exchange during the 3rd quarter worth approximately $203,000. Coastline Trust Co lifted its holdings in shares of Intercontinental Exchange by 9.8% in the 3rd quarter. Coastline Trust Co now owns 4,031 shares of the financial services provider’s stock worth $443,000 after purchasing an additional 360 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Intercontinental Exchange in the 3rd quarter worth $627,000. Czech National Bank lifted its holdings in shares of Intercontinental Exchange by 50.9% in the 3rd quarter. Czech National Bank now owns 100,033 shares of the financial services provider’s stock worth $11,006,000 after purchasing an additional 33,756 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Intercontinental Exchange by 2.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 241,946 shares of the financial services provider’s stock worth $26,619,000 after purchasing an additional 6,184 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE traded down $0.12 during trading hours on Friday, hitting $131.70. The stock had a trading volume of 2,406,405 shares, compared to its average volume of 2,386,540. The company’s fifty day simple moving average is $135.97 and its 200 day simple moving average is $125.05. Intercontinental Exchange, Inc. has a 1 year low of $103.81 and a 1 year high of $140.43. The stock has a market cap of $75.41 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 EPS. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.86%.

Insider Activity

In other news, President Benjamin Jackson sold 27,970 shares of Intercontinental Exchange stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $134.74, for a total transaction of $3,768,677.80. Following the completion of the sale, the president now owns 138,487 shares in the company, valued at approximately $18,659,738.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, President Benjamin Jackson sold 27,970 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $134.74, for a total value of $3,768,677.80. Following the completion of the sale, the president now owns 138,487 shares in the company, valued at approximately $18,659,738.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Warren Gardiner sold 2,176 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the sale, the chief financial officer now owns 12,061 shares of the company’s stock, valued at approximately $1,640,296. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,491 shares of company stock worth $21,454,204. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of recent research reports. Citigroup increased their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Morgan Stanley raised their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. UBS Group raised their price objective on Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Barclays raised their price objective on Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $152.00 price objective on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.08.

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.