Natural Investments LLC Takes $751,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Natural Investments LLC purchased a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,041 shares of the financial services provider’s stock, valued at approximately $751,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AGF Management Ltd. boosted its stake in Intercontinental Exchange by 2.9% during the 4th quarter. AGF Management Ltd. now owns 2,149,682 shares of the financial services provider’s stock valued at $320,324,000 after purchasing an additional 61,235 shares during the period. King Luther Capital Management Corp boosted its stake in Intercontinental Exchange by 87.0% during the 4th quarter. King Luther Capital Management Corp now owns 229,107 shares of the financial services provider’s stock valued at $34,139,000 after purchasing an additional 106,569 shares during the period. Independent Advisor Alliance boosted its stake in Intercontinental Exchange by 29.0% during the 4th quarter. Independent Advisor Alliance now owns 9,230 shares of the financial services provider’s stock valued at $1,375,000 after purchasing an additional 2,074 shares during the period. Johnson Investment Counsel Inc. boosted its stake in Intercontinental Exchange by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 71 shares during the period. Finally, Moran Wealth Management LLC boosted its stake in Intercontinental Exchange by 2.4% during the 4th quarter. Moran Wealth Management LLC now owns 5,149 shares of the financial services provider’s stock valued at $767,000 after purchasing an additional 120 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the sale, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,313 shares of company stock worth $11,113,733. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced 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. Keefe, Bruyette & Woods upped their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. UBS Group upped their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays upped their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Price Performance

NYSE ICE opened at $168.34 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $160.24 and a 200 day simple moving average of $159.43. The company has a market cap of $96.72 billion, a P/E ratio of 35.22, a P/E/G ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.41.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (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%. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend 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.