Aquatic Capital Management LLC Sells 13,465 Shares of Intercontinental Exchange Inc. $ICE

Aquatic Capital Management LLC lowered its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 22.2% during the third quarter, Holdings Channel reports. The institutional investor owned 47,079 shares of the financial services provider’s stock after selling 13,465 shares during the period. Aquatic Capital Management LLC’s holdings in Intercontinental Exchange were worth $7,932,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Knuff & Co LLC lifted its position in Intercontinental Exchange by 73.3% during the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares during the last quarter. Private Wealth Management Group LLC grew its position in shares of Intercontinental Exchange by 59.5% in the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 66 shares during the last quarter. Caitlin John LLC bought a new position in shares of Intercontinental Exchange during the third quarter worth approximately $32,000. Capital A Wealth Management LLC increased its stake in shares of Intercontinental Exchange by 26,000.0% during the second quarter. Capital A Wealth Management LLC now owns 261 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 260 shares during the period. Finally, Cornerstone Planning Group LLC lifted its holdings in Intercontinental Exchange by 128.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 153 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ICE. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Deutsche Bank Aktiengesellschaft raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a report on Friday, March 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $180.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Buy” and a consensus price target of $194.73.

Insider Transactions at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 15,213 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $155.02, for a total value of $2,358,319.26. Following the completion of the transaction, the chief technology officer directly owned 64,869 shares in the company, valued at approximately $10,055,992.38. The trade was a 19.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 11,303 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the sale, the insider directly owned 14,266 shares of the company’s stock, valued at approximately $2,194,396.12. This trade represents a 44.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 348,418 shares of company stock worth $54,196,631. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $159.12 on Monday. The business has a fifty day moving average price of $164.52 and a two-hundred day moving average price of $162.11. The stock has a market capitalization of $90.36 billion, a PE ratio of 27.58, a P/E/G ratio of 1.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. Intercontinental Exchange Inc. has a fifty-two week low of $143.17 and a fifty-two week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the firm posted $1.52 EPS. Intercontinental Exchange’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 33.28%.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.