Aquatic Capital Management LLC Boosts Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Aquatic Capital Management LLC grew its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,131 shares of the financial services provider's stock after purchasing an additional 31,031 shares during the quarter. Intercontinental Exchange makes up about 0.7% of Aquatic Capital Management LLC's investment portfolio, making the stock its 20th largest holding. Aquatic Capital Management LLC's holdings in Intercontinental Exchange were worth $27,437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter valued at about $25,000. Redwood Park Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $33,000. Lee Danner & Bass Inc. bought a new stake in Intercontinental Exchange in the fourth quarter worth $34,000. BankPlus Trust Department bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $45,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock traded up $1.76 during mid-day trading on Wednesday, reaching $168.09. 3,671,650 shares of the company traded hands, compared to its average volume of 3,359,182. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The firm's fifty day moving average is $166.38 and its two-hundred day moving average is $160.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $96.57 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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, equities research 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.14%. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

Analysts Set New Price Targets

ICE has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group boosted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Barclays raised their target price 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. Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, 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 report on Friday, January 17th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $182.47.

Insider Transactions at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction 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 sale, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now directly owns 147,274 shares of the company's stock, valued at $25,247,181.82. The trade was a 5.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,931 shares of company stock valued at $10,492,868 in the last 90 days. 1.00% of the stock is currently owned by company 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.