Intercontinental Exchange, Inc. (NYSE:ICE) Stake Lifted by Jump Financial LLC

Jump Financial LLC boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 218,573 shares of the financial services provider's stock after purchasing an additional 2,119 shares during the quarter. Intercontinental Exchange comprises about 0.7% of Jump Financial LLC's holdings, making the stock its 10th biggest holding. Jump Financial LLC's holdings in Intercontinental Exchange were worth $32,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ICE. Sierra Ocean LLC purchased a new stake in Intercontinental Exchange during the 4th quarter valued at $25,000. Redwood Park Advisors LLC purchased a new stake in Intercontinental Exchange during the 4th quarter valued at $33,000. Lee Danner & Bass Inc. purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth $34,000. BankPlus Trust Department bought a new stake in shares of Intercontinental Exchange in the fourth quarter worth $40,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Intercontinental Exchange during the fourth quarter valued at $45,000. Institutional investors own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, insider Lynn C. Martin sold 4,155 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $165.60, for a total transaction of $688,068.00. Following the transaction, the insider now owns 57,376 shares in the company, valued at $9,501,465.60. The trade was a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now owns 21,364 shares of the company's stock, valued at $3,396,876. This trade represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,931 shares of company stock worth $10,492,868. Company insiders own 1.00% of the company's stock.

Intercontinental Exchange Price Performance

Shares of ICE stock traded down $0.10 on Friday, reaching $158.34. The company's stock had a trading volume of 2,742,738 shares, compared to its average volume of 2,927,183. The stock's fifty day simple moving average is $167.10 and its 200-day simple moving average is $160.49. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $177.45. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $90.97 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS 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%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America cut their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. cut their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Keefe, Bruyette & Woods increased their price target 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. UBS Group upped their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.