Cinctive Capital Management LP Acquires 4,232 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Cinctive Capital Management LP increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 47.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,078 shares of the financial services provider's stock after purchasing an additional 4,232 shares during the period. Cinctive Capital Management LP's holdings in Intercontinental Exchange were worth $1,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ICE. Norges Bank bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth $1,196,258,000. Raymond James Financial Inc. acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $406,728,000. Swedbank AB lifted its holdings in shares of Intercontinental Exchange by 2,293.3% in the fourth 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. AMF Tjanstepension AB boosted its position in shares of Intercontinental Exchange by 1,237.7% during the fourth quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider's stock worth $253,591,000 after buying an additional 1,574,386 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in shares of Intercontinental Exchange by 285.9% during the third quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider's stock worth $282,148,000 after buying an additional 1,301,200 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research firms have weighed in on ICE. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price target 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. JPMorgan Chase & Co. reduced their price objective 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. Bank of America dropped their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Barclays upped their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus target price of $182.47.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded up $1.18 on Tuesday, hitting $155.83. The stock had a trading volume of 1,391,431 shares, compared to its average volume of 2,859,816. The stock has a market cap of $89.52 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The business's 50 day moving average is $168.37 and its two-hundred day moving average is $160.75. 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, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.23%. Intercontinental Exchange's payout ratio is presently 40.17%.

Insiders Place Their Bets

In other news, insider Lynn C. Martin sold 4,155 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total transaction of $688,068.00. Following the sale, the insider now directly owns 57,376 shares of the company's stock, valued at approximately $9,501,465.60. This represents a 6.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value 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 approximately $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 a total of 66,563 shares of company stock worth $10,998,990 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Company 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.