XTX Topco Ltd Grows Position in Intercontinental Exchange, Inc. (NYSE:ICE)

XTX Topco Ltd raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,416 shares of the financial services provider's stock after acquiring an additional 3,482 shares during the period. Intercontinental Exchange makes up approximately 0.3% of XTX Topco Ltd's investment portfolio, making the stock its 22nd largest position. XTX Topco Ltd's holdings in Intercontinental Exchange were worth $3,936,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ICE. Vanguard Group Inc. grew its stake in Intercontinental Exchange by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock worth $7,782,521,000 after buying an additional 538,670 shares in the last quarter. Geode Capital Management LLC increased its stake in Intercontinental Exchange by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock valued at $1,765,317,000 after acquiring an additional 327,637 shares during the last quarter. Norges Bank acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $1,196,258,000. Independent Franchise Partners LLP boosted its holdings in shares of Intercontinental Exchange by 20.8% in the 4th quarter. Independent Franchise Partners LLP now owns 6,160,836 shares of the financial services provider's stock valued at $918,026,000 after purchasing an additional 1,062,904 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Intercontinental Exchange by 8.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider's stock worth $865,455,000 after buying an additional 390,332 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Buying and Selling

In other news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange 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 owns 21,364 shares in the company, valued at approximately $3,396,876. The trade was a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 10,580 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 21,992 shares of the company's stock, valued at $3,661,008.24. This represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,931 shares of company stock worth $10,492,868 in the last quarter. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

ICE has been the subject of a number of research reports. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays boosted their price objective on 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 lifted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped 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. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $182.47.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded down $0.10 during trading hours on Friday, reaching $158.34. The company had a trading volume of 2,742,738 shares, compared to its average volume of 2,924,529. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The business has a fifty day simple moving average of $167.10 and a 200 day simple moving average of $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 firm has a market cap of $90.97 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) 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 anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is currently 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.