APG Asset Management N.V. Has $63.10 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

APG Asset Management N.V. raised its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 232.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 438,459 shares of the financial services provider's stock after buying an additional 306,576 shares during the quarter. APG Asset Management N.V. owned approximately 0.08% of Intercontinental Exchange worth $63,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in Intercontinental Exchange in the 4th quarter worth approximately $34,000. BankPlus Trust Department bought a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $40,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $45,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Up 0.5 %

Shares of NYSE ICE traded up $0.73 on Friday, reaching $155.92. 2,786,452 shares of the company traded hands, compared to its average volume of 2,919,019. The company has a 50 day moving average of $167.80 and a 200 day moving average of $160.52. The stock has a market capitalization of $89.57 billion, a PE ratio of 32.62, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) 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%. On average, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.23%. Intercontinental Exchange's payout ratio is presently 40.17%.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now directly owns 147,274 shares of the company's stock, valued at $25,247,181.82. The trade was a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction 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 transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,563 shares of company stock valued at $10,998,990. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Barclays raised their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. 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 report on Friday, January 17th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and an average target price of $182.47.

Intercontinental Exchange 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.