Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Twin Tree Management LP

Twin Tree Management LP lowered its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 79.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,886 shares of the financial services provider’s stock after selling 33,803 shares during the quarter. Twin Tree Management LP’s holdings in Intercontinental Exchange were worth $1,324,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in Intercontinental Exchange by 326.3% in the third quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider’s stock valued at $726,196,000 after purchasing an additional 3,460,096 shares during the last quarter. Raymond James Financial Inc. bought a new position in Intercontinental Exchange during the 4th quarter worth approximately $406,728,000. FMR LLC lifted its holdings in Intercontinental Exchange by 44.1% during the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider’s stock worth $1,260,449,000 after buying an additional 2,401,630 shares during the last quarter. Swedbank AB lifted its holdings in Intercontinental Exchange by 2,293.3% during the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider’s stock worth $330,171,000 after buying an additional 2,123,185 shares during the last quarter. Finally, AMF Tjanstepension AB lifted its holdings in Intercontinental Exchange by 1,237.7% during the 4th quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider’s stock worth $253,591,000 after buying an additional 1,574,386 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ICE shares. JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Keefe, Bruyette & Woods raised their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Stock Down 0.1 %

Shares of ICE stock opened at $172.64 on Wednesday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.41. The stock has a market cap of $99.19 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The business’s fifty day moving average is $162.53 and its 200-day moving average is $159.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last issued 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 net margin of 23.42% and a return on equity of 12.95%. Equities analysts expect 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. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 40.17%.

Insider Buying and Selling

In related news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lynn C. Martin sold 4,155 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $9,501,465.60. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,563 shares of company stock worth $10,998,990 in the last three months. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange 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.