Tredje AP fonden Boosts Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Tredje AP fonden boosted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 188,522 shares of the financial services provider’s stock after buying an additional 10,000 shares during the quarter. Tredje AP fonden’s holdings in Intercontinental Exchange were worth $28,092,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in Intercontinental Exchange during the 4th quarter worth approximately $25,000. FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth approximately $31,000. BankPlus Trust Department acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $40,000. Planning Capital Management Corp grew its stake in shares of Intercontinental Exchange by 96.7% during the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 147 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $51,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange 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 owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the transaction, the chief operating officer now owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,313 shares of company stock valued at $11,113,733 in the last 90 days. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Trading Up 0.4 %

Shares of ICE opened at $169.04 on Thursday. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $175.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average is $160.64 and its two-hundred day moving average is $159.50. The stock has a market cap of $97.13 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (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%. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.14%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Analysts Set New Price Targets

ICE has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Barclays raised their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target 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.