Soros Capital Management LLC Acquires 34,257 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Soros Capital Management LLC grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,840 shares of the financial services provider's stock after acquiring an additional 34,257 shares during the quarter. Intercontinental Exchange comprises 3.7% of Soros Capital Management LLC's holdings, making the stock its 8th largest holding. Soros Capital Management LLC's holdings in Intercontinental Exchange were worth $23,073,000 at the end of the most recent reporting period.

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

Insider Transactions 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 transaction, the president now owns 147,274 shares in the company, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares in the company, valued at $3,396,876. This trade represents a 10.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

Intercontinental Exchange Price Performance

Shares of ICE stock traded up $2.08 during trading hours on Thursday, hitting $163.07. 1,559,651 shares of the company's stock were exchanged, compared to its average volume of 2,929,106. The firm has a 50 day moving average of $166.59 and a two-hundred day moving average of $160.42. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The firm has a market cap of $93.68 billion, a P/E ratio of 34.12, a P/E/G ratio of 2.10 and a beta of 1.09. 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 issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) 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%. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.18%. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Bank of America dropped their target price 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. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.