Aquatic Capital Management LLC Acquires 31,031 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Aquatic Capital Management LLC grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,131 shares of the financial services provider's stock after buying an additional 31,031 shares during the period. Intercontinental Exchange accounts for approximately 0.7% of Aquatic Capital Management LLC's holdings, making the stock its 20th biggest position. Aquatic Capital Management LLC's holdings in Intercontinental Exchange were worth $27,437,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Sierra Ocean LLC bought a new position in Intercontinental Exchange in the 4th quarter worth about $25,000. Redwood Park Advisors LLC bought a new position in Intercontinental Exchange in the 4th quarter worth about $33,000. Lee Danner & Bass Inc. bought a new position in Intercontinental Exchange in the 4th quarter worth about $34,000. BankPlus Trust Department bought a new position in Intercontinental Exchange in the 4th quarter worth about $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Intercontinental Exchange in the 4th quarter worth about $45,000. Institutional investors own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. The trade was a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the sale, the senior vice president now owns 21,992 shares in the company, valued at approximately $3,661,008.24. This represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,931 shares of company stock worth $10,492,868. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded up $3.03 on Tuesday, hitting $166.51. 2,114,562 shares of the company's stock were exchanged, compared to its average volume of 2,929,935. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $177.45. The company has a 50-day simple moving average of $166.39 and a 200-day simple moving average of $160.45. The stock has a market capitalization of $95.66 billion, a PE ratio of 34.83, a PEG ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released 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 net margin of 23.42% and a return on equity of 12.95%. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is 40.17%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ICE shares. 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. JPMorgan Chase & Co. dropped their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Barclays boosted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Bank of America dropped their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, UBS Group lifted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Three research 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 presently has an average rating of "Moderate Buy" and a consensus price target of $182.47.

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.