Virtu Financial LLC Has $2.33 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Virtu Financial LLC cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,665 shares of the financial services provider’s stock after selling 1,870 shares during the quarter. Virtu Financial LLC’s holdings in Intercontinental Exchange were worth $2,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ICE. Sierra Ocean LLC bought a new position in Intercontinental Exchange during the 4th quarter worth $25,000. FSA Wealth Management LLC bought a new position in shares of Intercontinental Exchange in the third quarter worth $31,000. Lee Danner & Bass Inc. acquired a new position in Intercontinental Exchange in the fourth quarter valued at about $34,000. BankPlus Trust Department bought a new stake in Intercontinental Exchange during the fourth quarter worth about $40,000. Finally, Golden State Wealth Management LLC acquired a new stake in Intercontinental Exchange during the fourth quarter worth about $51,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ICE has been the subject of several analyst reports. Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, UBS Group increased their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Stock Down 0.7 %

Shares of NYSE:ICE opened at $174.42 on Friday. The firm has a market cap of $100.22 billion, a P/E ratio of 36.49, a P/E/G ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $175.99. The business has a fifty day simple moving average of $164.29 and a 200 day simple moving average of $160.08. 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) last posted its quarterly earnings data 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%. Analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current 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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling

In other news, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange 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 in the company, valued at $3,661,008.24. The trade was a 32.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,563 shares of company stock valued at $10,998,990 over the last quarter. Insiders own 1.10% of the company’s stock.

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.