Intercontinental Exchange, Inc. (NYSE:ICE) Stake Boosted by XTX Topco Ltd

XTX Topco Ltd raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 15.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,416 shares of the financial services provider's stock after buying an additional 3,482 shares during the period. Intercontinental Exchange makes up approximately 0.3% of XTX Topco Ltd's portfolio, making the stock its 22nd largest position. XTX Topco Ltd's holdings in Intercontinental Exchange were worth $3,936,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several brokerages recently issued reports on ICE. Bank of America reduced their price objective on 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 reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays upped their target price 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. UBS Group raised their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $182.47.

Insider Buying and Selling

In other Intercontinental Exchange news, insider Lynn C. Martin sold 4,155 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was 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 of the company's stock, valued at $9,501,465.60. This trade represents a 6.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the sale, the president now owns 164,041 shares of the company's stock, valued at $27,183,234.11. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,931 shares of company stock worth $10,492,868. Insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Down 0.1 %

Shares of ICE traded down $0.10 during mid-day trading on Friday, reaching $158.34. 2,742,738 shares of the stock traded hands, compared to its average volume of 2,920,905. The firm has a market cap of $90.97 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 2.10 and a beta of 1.09. The stock has a fifty day simple moving average of $167.27 and a 200 day simple moving average of $160.51. 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, Inc. has a 12-month low of $124.34 and a 12-month high of $177.45.

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

Intercontinental Exchange Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is currently 40.17%.

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.