Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Soros Capital Management LLC

Soros Capital Management LLC raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 154,840 shares of the financial services provider's stock after buying an additional 34,257 shares during the quarter. Intercontinental Exchange accounts for about 3.7% of Soros Capital Management LLC's holdings, making the stock its 8th biggest position. Soros Capital Management LLC's holdings in Intercontinental Exchange were worth $23,073,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp grew its stake in Intercontinental Exchange by 33.2% in the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock valued at $7,500,000 after purchasing an additional 11,648 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $2,817,000. World Investment Advisors LLC raised its position in Intercontinental Exchange by 759.2% during the third quarter. World Investment Advisors LLC now owns 52,946 shares of the financial services provider's stock valued at $8,505,000 after acquiring an additional 46,784 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Intercontinental Exchange in the third quarter valued at approximately $3,504,000. Finally, Tidal Investments LLC grew its position in Intercontinental Exchange by 180.6% in the third quarter. Tidal Investments LLC now owns 98,482 shares of the financial services provider's stock worth $15,820,000 after acquiring an additional 63,382 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock traded up $0.42 on Friday, hitting $163.40. The company's stock had a trading volume of 1,642,782 shares, compared to its average volume of 2,927,987. The company has a fifty day moving average price of $166.46 and a 200-day moving average price of $160.45. The firm has a market cap of $93.87 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts' consensus estimates 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 analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is 40.17%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ICE. JPMorgan Chase & Co. decreased their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. UBS Group raised their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Barclays increased their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $182.47.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $165.71, for a total transaction 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 $27,183,234.11. This trade represents a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Douglas Foley sold 10,580 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the sale, the senior vice president now owns 21,992 shares of the company's stock, valued at approximately $3,661,008.24. This trade represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,931 shares of company stock worth $10,492,868 over the last three months. Company insiders own 1.00% of the company's stock.

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.