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M&T Bank Corp Has $15.59 Million Holdings in Intercontinental Exchange Inc. $ICE
M&T Bank Corp significantly increased its stake in Intercontinental Exchange (ICE) by 174.8% in Q4, acquiring 61,219 additional shares to reach a total holding of 96,241 shares valued at approximately $15.59 million. This occurred despite significant insider selling from ICE executives, including CEO Jeffrey C. Sprecher, who sold 150,000 shares for $23.25 million. Intercontinental Exchange Inc. recently surpassed quarterly earnings and revenue estimates, declared a $0.52 quarterly dividend, and holds an average analyst “Buy” rating with a target price of $193.80.