Intercontinental Exchange, Inc. (NYSE:ICE) Stake Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 95.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,178 shares of the financial services provider's stock after buying an additional 22,557 shares during the quarter. Tower Research Capital LLC TRC's holdings in Intercontinental Exchange were worth $6,881,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

ICE has been the subject of several research reports. JPMorgan Chase & Co. cut their price objective 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Bank of America reduced their target price 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. Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $182.47.

Intercontinental Exchange Trading Up 0.3 %

Shares of NYSE ICE traded up $0.42 during midday trading on Friday, hitting $163.40. The 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 company has a market capitalization of $93.87 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-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 posted its 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 net margin of 23.42% and a return on equity of 12.95%. On average, analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company 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. 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 (DPR) is 40.17%.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the sale, the president now owns 147,274 shares in the company, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The stock was 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 trade represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,931 shares of company stock valued at $10,492,868. Corporate insiders own 1.00% of the company's stock.

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.