Magnetar Financial LLC Purchases 864 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Magnetar Financial LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,984 shares of the financial services provider’s stock after purchasing an additional 864 shares during the period. Magnetar Financial LLC’s holdings in Intercontinental Exchange were worth $6,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in ICE. Sierra Ocean LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $25,000. FSA Wealth Management LLC purchased a new position in shares of Intercontinental Exchange during the third quarter worth approximately $31,000. BankPlus Trust Department purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $40,000. Golden State Wealth Management LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $51,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $55,000. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ICE. Keefe, Bruyette & Woods raised their target price 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. JPMorgan Chase & Co. reduced their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group lifted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.80.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the sale, the insider now directly owns 12,922 shares in the company, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the transaction, the president now owns 155,174 shares of the company’s stock, valued at $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,563 shares of company stock worth $10,998,990. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE opened at $173.59 on Thursday. The company has a market cap of $99.74 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $175.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $163.08 and a two-hundred day moving average of $159.89.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 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%. As a group, analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.11%. Intercontinental Exchange’s payout ratio is currently 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.