Nemes Rush Group LLC Has $8.20 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Nemes Rush Group LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,025 shares of the financial services provider’s stock after acquiring an additional 4,490 shares during the quarter. Nemes Rush Group LLC’s holdings in Intercontinental Exchange were worth $8,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Intercontinental Exchange during the fourth quarter worth about $25,000. FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange during the third quarter worth about $31,000. Lee Danner & Bass Inc. bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $34,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Intercontinental Exchange during the 4th quarter worth approximately $45,000. 89.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ICE. JPMorgan Chase & Co. reduced their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Barclays boosted their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods boosted their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $172.51 on Tuesday. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. The company has a market cap of $99.12 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The business’s 50 day moving average price is $167.59 and its two-hundred day moving average price is $160.65. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results 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 net margin of 23.42% and a return on equity of 12.95%. On average, analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.11%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 40.17%.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the sale, the president now directly owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. This trade represents a 5.09 % decrease in their position. 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 stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock valued at $10,998,990 in the last three months. 1.10% of the stock is currently owned by company 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.