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

Marshall Wace LLP lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 59.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 394,407 shares of the financial services provider’s stock after selling 588,460 shares during the period. Marshall Wace LLP’s holdings in Intercontinental Exchange were worth $58,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charter Oak Advisors LP purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $15,957,000. Gamco Investors INC. ET AL raised its holdings in Intercontinental Exchange by 13.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,556 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 189 shares during the last quarter. Gabelli Funds LLC boosted its position in Intercontinental Exchange by 27.0% during the fourth quarter. Gabelli Funds LLC now owns 38,780 shares of the financial services provider’s stock worth $5,779,000 after purchasing an additional 8,240 shares in the last quarter. Jump Financial LLC grew its holdings in Intercontinental Exchange by 1.0% in the fourth quarter. Jump Financial LLC now owns 218,573 shares of the financial services provider’s stock valued at $32,570,000 after purchasing an additional 2,119 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Intercontinental Exchange by 5.5% in the fourth quarter. Guggenheim Capital LLC now owns 171,763 shares of the financial services provider’s stock valued at $25,594,000 after buying an additional 8,956 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction that occurred on 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 sale, the director now owns 21,364 shares of the company’s stock, valued at approximately $3,396,876. This represents a 10.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction that occurred 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 directly owns 155,174 shares in the company, valued at approximately $25,855,091.88. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,931 shares of company stock worth $10,492,868 in the last ninety days. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Down 0.1 %

Shares of NYSE:ICE opened at $158.34 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $90.97 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.10 and a beta of 1.09. The stock’s 50-day moving average price is $167.27 and its two-hundred day moving average price is $160.51. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $177.45.

Intercontinental Exchange (NYSE:ICE) last released its 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%. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current 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 is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.21%. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ICE. Barclays boosted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Bank of America reduced their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. 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 research note on Friday, January 17th. Finally, UBS Group increased their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.47.

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.