New York Life Investment Management LLC Increases Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

New York Life Investment Management LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,114 shares of the financial services provider’s stock after buying an additional 273 shares during the period. New York Life Investment Management LLC’s holdings in Intercontinental Exchange were worth $12,683,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nwam LLC increased its stake in Intercontinental Exchange by 20.2% during the fourth quarter. Nwam LLC now owns 1,796 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 302 shares during the last quarter. Stegent Equity Advisors Inc. increased its position in Intercontinental Exchange by 24.9% during the 4th quarter. Stegent Equity Advisors Inc. now owns 2,247 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 448 shares in the last quarter. Walter Public Investments Inc. raised its holdings in Intercontinental Exchange by 0.6% in the fourth quarter. Walter Public Investments Inc. now owns 117,024 shares of the financial services provider’s stock valued at $17,438,000 after buying an additional 688 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Intercontinental Exchange by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 49,225 shares of the financial services provider’s stock valued at $7,335,000 after buying an additional 130 shares in the last quarter. Finally, Simmons Bank grew its stake in Intercontinental Exchange by 5.9% during the fourth quarter. Simmons Bank now owns 31,442 shares of the financial services provider’s stock worth $4,685,000 after buying an additional 1,748 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the sale, the general counsel now owns 44,702 shares in the company, valued at $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 20th. The shares were 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 owns 155,174 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 60,368 shares of company stock worth $9,908,492. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Trading Down 0.2 %

NYSE ICE opened at $170.91 on Friday. The company has a market capitalization of $98.20 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. 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 $173.52. The company’s fifty day moving average price is $156.95 and its two-hundred day moving average price is $158.63.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results 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%. 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 announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.12%. Intercontinental Exchange’s payout ratio is 40.17%.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research reports. UBS Group raised their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays boosted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Company Profile

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.