Egerton Capital UK LLP Makes New Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Egerton Capital UK LLP purchased a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 733,307 shares of the financial services provider’s stock, valued at approximately $109,270,000. Intercontinental Exchange accounts for approximately 1.3% of Egerton Capital UK LLP’s investment portfolio, making the stock its 24th largest holding. Egerton Capital UK LLP owned approximately 0.13% of Intercontinental Exchange at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange in the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in Intercontinental Exchange in the 3rd quarter worth approximately $31,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange in the 4th quarter worth approximately $40,000. Finally, Planning Capital Management Corp boosted its stake in Intercontinental Exchange by 96.7% in the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the subject of a number of recent analyst reports. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods lifted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays lifted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88. Following the sale, the president now directly owns 164,041 shares in the company, valued at approximately $27,183,234.11. The trade was a 3.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the sale, the senior vice president now owns 21,992 shares in the company, valued at approximately $3,661,008.24. This trade represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,313 shares of company stock worth $11,113,733. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $168.34 on Wednesday. The company has a market capitalization of $96.72 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $175.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company’s fifty day moving average price is $160.24 and its 200 day moving average price is $159.43.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results 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 return on equity of 12.95% and a net margin of 23.42%. As a group, analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.14%. Intercontinental Exchange’s payout ratio is 40.17%.

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.