Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 95.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,178 shares of the financial services provider's stock after acquiring an additional 22,557 shares during the period. Tower Research Capital LLC TRC's holdings in Intercontinental Exchange were worth $6,881,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays raised their price target on shares of 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 lifted their target price 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. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. UBS Group lifted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.47.

Insiders Place Their Bets

In other news, insider Lynn C. Martin sold 4,155 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total value of $688,068.00. Following the completion of the sale, the insider now directly owns 57,376 shares in the company, valued at approximately $9,501,465.60. The trade was a 6.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on 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 transaction, the director now directly owns 21,364 shares of the company's stock, valued at approximately $3,396,876. This represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,931 shares of company stock valued at $10,492,868 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Up 0.3 %

Intercontinental Exchange stock traded up $0.42 during midday trading on Friday, hitting $163.40. 1,642,780 shares of the company were exchanged, compared to its average volume of 2,923,981. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The company's fifty day moving average price is $166.52 and its 200-day moving average price is $160.44. The company has a market cap of $93.87 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09.

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 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%. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid 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 yield of 1.18%. Intercontinental Exchange's dividend payout ratio (DPR) is 40.17%.

About Intercontinental Exchange

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.