Lighthouse Investment Partners LLC Boosts Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Lighthouse Investment Partners LLC grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1,711.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,213 shares of the financial services provider's stock after buying an additional 36,104 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Intercontinental Exchange were worth $5,694,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter worth approximately $25,000. Redwood Park Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth $33,000. Lee Danner & Bass Inc. purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth about $34,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange during the fourth quarter worth about $40,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Intercontinental Exchange during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction dated 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 directly owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,368 shares of company stock worth $7,077,789. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Up 0.7%

Intercontinental Exchange stock traded up $1.25 during midday trading on Friday, reaching $176.10. The company's stock had a trading volume of 2,330,889 shares, compared to its average volume of 2,969,422. The company has a market cap of $101.01 billion, a P/E ratio of 36.84, a P/E/G ratio of 2.10 and a beta of 1.12. 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 business has a 50-day simple moving average of $167.15 and a 200-day simple moving average of $161.20. Intercontinental Exchange, Inc. has a fifty-two week low of $131.79 and a fifty-two week high of $179.44.

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

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.09%. Intercontinental Exchange's payout ratio is 39.75%.

Wall Street Analyst Weigh In

ICE has been the subject of several recent research reports. UBS Group increased their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Bank of America dropped their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. reduced 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 report on Friday, January 17th. Finally, StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and an average target price of $185.93.

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.