Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 59.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 394,407 shares of the financial services provider’s stock after selling 588,460 shares during the quarter. Marshall Wace LLP owned about 0.07% of Intercontinental Exchange worth $58,771,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Strategic Advisors LLC raised its position in Intercontinental Exchange by 5.1% in the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 66 shares in the last quarter. Commons Capital LLC raised its holdings in Intercontinental Exchange by 1.2% in the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock valued at $886,000 after acquiring an additional 69 shares in the last quarter. Brooklyn Investment Group raised its holdings in Intercontinental Exchange by 2.2% in the fourth quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider’s stock valued at $475,000 after acquiring an additional 70 shares in the last quarter. Clear Harbor Asset Management LLC lifted its stake in Intercontinental Exchange by 3.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 70 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its holdings in Intercontinental Exchange by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock worth $465,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 0.1 %

Shares of Intercontinental Exchange stock opened at $158.34 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $90.97 billion, a P/E ratio of 33.13, a PEG ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $177.45. The company’s fifty day moving average is $167.27 and its two-hundred day moving average is $160.51.

Intercontinental Exchange (NYSE:ICE) 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 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%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

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 paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling

In related news, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction dated Wednesday, April 16th. The shares were 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 $3,396,876. This represents a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange 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 directly owns 164,041 shares in the company, valued at $27,183,234.11. This represents a 3.43 % 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 over the last three months. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ICE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. UBS Group lifted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Bank of America dropped their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. JPMorgan Chase & Co. decreased 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.