Royal London Asset Management Ltd. Acquires 5,008 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Royal London Asset Management Ltd. grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 310,802 shares of the financial services provider's stock after purchasing an additional 5,008 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of Intercontinental Exchange worth $46,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of ICE. Sierra Ocean LLC bought a new stake in Intercontinental Exchange during the 4th quarter worth about $25,000. FSA Wealth Management LLC acquired a new position in Intercontinental Exchange in the third quarter valued at about $31,000. BankPlus Trust Department acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $40,000. Golden State Wealth Management LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter worth $51,000. Finally, Hanson & Doremus Investment Management bought a new position in Intercontinental Exchange during the fourth quarter worth about $55,000. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock worth $10,998,990 in the last ninety days. Company insiders own 1.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ICE. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods raised 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. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. UBS Group lifted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Barclays upped their price target 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. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Intercontinental Exchange has a consensus rating of "Moderate Buy" and an average price target of $178.80.

Intercontinental Exchange Price Performance

Shares of NYSE ICE traded up $0.33 during trading hours on Tuesday, hitting $175.58. 2,777,113 shares of the stock were exchanged, compared to its average volume of 2,599,317. The company's fifty day simple moving average is $164.92 and its two-hundred day simple moving average is $160.16. The company has a market cap of $100.88 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $176.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its 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, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current 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 paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is 40.17%.

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.