Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 61.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,800 shares of the financial services provider’s stock after acquiring an additional 59,800 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Intercontinental Exchange were worth $23,514,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ICE. Edgestream Partners L.P. acquired a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $516,000. Benjamin Edwards Inc. raised its holdings in Intercontinental Exchange by 150.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,191 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 4,319 shares during the last quarter. IHT Wealth Management LLC raised its holdings in Intercontinental Exchange by 13.8% in the 3rd quarter. IHT Wealth Management LLC now owns 2,063 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 250 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of Intercontinental Exchange by 4.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 305,794 shares of the financial services provider’s stock worth $49,123,000 after purchasing an additional 11,830 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of Intercontinental Exchange by 17.8% during the third quarter. Quantinno Capital Management LP now owns 38,541 shares of the financial services provider’s stock worth $6,191,000 after purchasing an additional 5,815 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 6.4 %

NYSE ICE opened at $156.89 on Friday. The company has a market capitalization of $90.13 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $177.45. The company’s fifty day moving average price is $168.49 and its two-hundred day moving average price is $160.80.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, research 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 declared 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. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.22%. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ICE. JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Keefe, Bruyette & Woods raised their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Barclays boosted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Bank of America cut their target price on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.47.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the transaction, the president now directly owns 164,041 shares in the company, valued at $27,183,234.11. The trade was a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the sale, the chief technology officer now owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,563 shares of company stock valued at $10,998,990. Corporate 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.