XTX Topco Ltd Grows Position in Intercontinental Exchange, Inc. (NYSE:ICE)

XTX Topco Ltd raised its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,416 shares of the financial services provider’s stock after acquiring an additional 3,482 shares during the quarter. Intercontinental Exchange makes up about 0.3% of XTX Topco Ltd’s holdings, making the stock its 22nd biggest holding. XTX Topco Ltd’s holdings in Intercontinental Exchange were worth $3,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mariner LLC lifted its stake in Intercontinental Exchange by 2.5% during the fourth quarter. Mariner LLC now owns 106,001 shares of the financial services provider’s stock worth $15,795,000 after purchasing an additional 2,605 shares during the last quarter. Independent Franchise Partners LLP raised its holdings in Intercontinental Exchange by 20.8% during the fourth quarter. Independent Franchise Partners LLP now owns 6,160,836 shares of the financial services provider’s stock worth $918,026,000 after purchasing an additional 1,062,904 shares in the last quarter. Synovus Financial Corp lifted its position in shares of Intercontinental Exchange by 2.3% during the 4th quarter. Synovus Financial Corp now owns 34,638 shares of the financial services provider’s stock worth $5,162,000 after buying an additional 764 shares during the last quarter. Stamos Capital Partners L.P. boosted its holdings in shares of Intercontinental Exchange by 222.4% in the 4th quarter. Stamos Capital Partners L.P. now owns 5,030 shares of the financial services provider’s stock valued at $750,000 after buying an additional 3,470 shares in the last quarter. Finally, Altman Advisors Inc. grew its position in shares of Intercontinental Exchange by 0.6% in the 4th quarter. Altman Advisors Inc. now owns 12,750 shares of the financial services provider’s stock valued at $1,900,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays upped their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Bank of America reduced 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. Finally, 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. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $182.47.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $155.92 on Monday. The company has a market capitalization of $89.57 billion, a PE ratio of 32.62, a P/E/G ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $177.45. The company has a 50-day simple moving average of $167.80 and a 200-day simple moving average of $160.54. 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) last posted its quarterly 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 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 17,104 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now owns 155,174 shares of the company’s stock, valued at approximately $25,855,091.88. This trade represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Mayur Kapani sold 5,661 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares in the company, valued at $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock worth $10,998,990 over the last 90 days. 1.10% of the stock is currently owned by corporate 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.