Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC trimmed its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 61.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,899 shares of the financial services provider's stock after selling 154,500 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Intercontinental Exchange were worth $14,737,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was 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 of the company's stock, valued at approximately $27,183,234.11. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now owns 21,364 shares in the company, valued at $3,396,876. This represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,931 shares of company stock worth $10,492,868 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ICE has been the subject of a number of research reports. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. cut their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Bank of America cut their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.27.

Intercontinental Exchange Stock Up 1.4 %

NYSE:ICE traded up $2.45 during trading hours on Friday, hitting $173.29. The company's stock had a trading volume of 2,921,438 shares, compared to its average volume of 2,933,206. Intercontinental Exchange, Inc. has a 52-week low of $127.80 and a 52-week high of $177.45. 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 stock has a market capitalization of $99.55 billion, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The stock has a fifty day moving average of $166.47 and a 200-day moving average of $160.64.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.48 EPS. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.11%. Intercontinental Exchange's dividend payout ratio (DPR) is 40.17%.

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.