Twin Tree Management LP Has $1.32 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Twin Tree Management LP decreased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 79.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,886 shares of the financial services provider’s stock after selling 33,803 shares during the period. Twin Tree Management LP’s holdings in Intercontinental Exchange were worth $1,324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ICE. Oppenheimer & Co. Inc. acquired a new stake in Intercontinental Exchange during the third quarter valued at $227,000. Empowered Funds LLC boosted its position in Intercontinental Exchange by 8.6% during the third quarter. Empowered Funds LLC now owns 10,829 shares of the financial services provider’s stock valued at $1,740,000 after purchasing an additional 854 shares during the last quarter. Quest Partners LLC boosted its position in Intercontinental Exchange by 56.5% during the third quarter. Quest Partners LLC now owns 14,055 shares of the financial services provider’s stock valued at $2,258,000 after purchasing an additional 5,074 shares during the last quarter. LMR Partners LLP acquired a new stake in Intercontinental Exchange during the third quarter valued at $467,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in Intercontinental Exchange during the third quarter valued at about $206,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ICE shares. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Barclays raised their target price 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 upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the sale, the senior vice president now directly owns 21,992 shares of the company’s stock, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Benjamin Jackson sold 17,104 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the transaction, the president now directly owns 155,174 shares in the company, valued at $25,855,091.88. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,563 shares of company stock valued at $10,998,990. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Trading Down 0.1 %

Shares of ICE opened at $172.64 on Wednesday. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $175.41. 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 firm has a market capitalization of $99.19 billion, a price-to-earnings ratio of 36.12, a P/E/G ratio of 2.10 and a beta of 1.08. The stock’s 50-day moving average price is $162.53 and its 200 day moving average price is $159.80.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 40.17%.

About Intercontinental Exchange

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.