Quadrant Capital Group LLC Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Quadrant Capital Group LLC grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,484 shares of the financial services provider’s stock after purchasing an additional 500 shares during the period. Quadrant Capital Group LLC’s holdings in Intercontinental Exchange were worth $966,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Intercontinental Exchange in the fourth quarter worth $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Intercontinental Exchange in the 4th quarter worth approximately $34,000. BankPlus Trust Department bought a new position in Intercontinental Exchange during the 4th quarter valued at approximately $40,000. Mountain Hill Investment Partners Corp. purchased a new position in Intercontinental Exchange during the fourth quarter valued at $45,000. Finally, Golden State Wealth Management LLC bought a new stake in Intercontinental Exchange in the fourth quarter worth $51,000. 89.30% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 601 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the transaction, the insider now directly owns 12,922 shares in the company, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Mayur Kapani sold 5,661 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now owns 66,548 shares in the company, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock valued at $10,998,990 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Down 6.4 %

ICE stock opened at $156.89 on Monday. The company has a market cap of $90.13 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 2.10 and a beta of 1.09. 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 business’s 50-day moving average is $168.49 and its two-hundred day moving average is $160.78. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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 forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods raised their price objective 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. Barclays upped their target price 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. UBS Group raised their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Bank of America lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.47.

About Intercontinental Exchange

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.