Bancreek Capital Management LP Has $4.92 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Bancreek Capital Management LP decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 44.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,042 shares of the financial services provider’s stock after selling 26,625 shares during the quarter. Intercontinental Exchange accounts for approximately 4.8% of Bancreek Capital Management LP’s holdings, making the stock its 13th biggest holding. Bancreek Capital Management LP’s holdings in Intercontinental Exchange were worth $4,924,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ICE. Janus Henderson Group PLC grew its stake in Intercontinental Exchange by 326.3% during the third quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider’s stock worth $726,196,000 after buying an additional 3,460,096 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $406,728,000. FMR LLC grew its position in Intercontinental Exchange by 44.1% during the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider’s stock worth $1,260,449,000 after acquiring an additional 2,401,630 shares during the last quarter. Swedbank AB increased its holdings in Intercontinental Exchange by 2,293.3% during the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider’s stock valued at $330,171,000 after purchasing an additional 2,123,185 shares in the last quarter. Finally, AMF Tjanstepension AB raised its position in Intercontinental Exchange by 1,237.7% in the 4th quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider’s stock valued at $253,591,000 after purchasing an additional 1,574,386 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on ICE shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 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 report on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods upped their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, 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 report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $174.42 on Friday. The firm has a fifty day moving average of $164.29 and a two-hundred day moving average of $160.09. 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 stock has a market capitalization of $100.22 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $175.99.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.10%. Intercontinental Exchange’s dividend payout ratio is 40.17%.

Insider Buying and Selling

In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction on 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 transaction, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,563 shares of company stock valued at $10,998,990 in the last 90 days. 1.10% of the stock is owned by insiders.

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.