Mariner LLC Increases Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Mariner LLC raised its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,001 shares of the financial services provider's stock after buying an additional 2,605 shares during the quarter. Mariner LLC's holdings in Intercontinental Exchange were worth $15,795,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp boosted its position in Intercontinental Exchange by 33.2% during the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock worth $7,500,000 after purchasing an additional 11,648 shares during the period. Virtu Financial LLC purchased a new position in Intercontinental Exchange in the 3rd quarter valued at approximately $2,817,000. World Investment Advisors LLC raised its holdings in Intercontinental Exchange by 759.2% during the 3rd quarter. World Investment Advisors LLC now owns 52,946 shares of the financial services provider's stock valued at $8,505,000 after acquiring an additional 46,784 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Intercontinental Exchange during the third quarter worth $3,504,000. Finally, Tidal Investments LLC grew its position in shares of Intercontinental Exchange by 180.6% in the third quarter. Tidal Investments LLC now owns 98,482 shares of the financial services provider's stock valued at $15,820,000 after purchasing an additional 63,382 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Up 2.7 %

Shares of ICE traded up $4.14 during trading hours on Tuesday, reaching $159.17. 451,012 shares of the company traded hands, compared to its average volume of 3,404,753. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $177.45. The company has a market capitalization of $91.44 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company's fifty day moving average price is $166.87 and its two-hundred day moving average price is $160.41. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. Equities research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed 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. This represents a $1.92 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Insider Activity

In other news, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the sale, the director now directly owns 21,364 shares of the company's stock, valued at $3,396,876. The trade was a 10.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 21,992 shares of the company's stock, valued at approximately $3,661,008.24. This trade represents a 32.48 % 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. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

ICE has been the subject of several analyst reports. Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. 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 report on Friday, February 7th. Bank of America cut their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Intercontinental Exchange 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.