Handelsbanken Fonder AB Purchases 15,534 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Handelsbanken Fonder AB grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,248 shares of the financial services provider's stock after buying an additional 15,534 shares during the quarter. Handelsbanken Fonder AB's holdings in Intercontinental Exchange were worth $38,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC lifted its holdings in shares of Intercontinental Exchange by 24.8% during the 4th quarter. Private Advisor Group LLC now owns 38,195 shares of the financial services provider's stock valued at $5,691,000 after buying an additional 7,579 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Intercontinental Exchange by 10.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,537 shares of the financial services provider's stock valued at $527,000 after buying an additional 337 shares during the period. Timber Creek Capital Management LLC increased its stake in shares of Intercontinental Exchange by 18.8% in the 4th quarter. Timber Creek Capital Management LLC now owns 44,165 shares of the financial services provider's stock worth $6,581,000 after purchasing an additional 6,974 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of Intercontinental Exchange in the 4th quarter worth $487,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Intercontinental Exchange in the 4th quarter worth $863,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Trading Up 0.7 %

Shares of NYSE:ICE traded up $1.25 during trading on Friday, reaching $168.04. The company's stock had a trading volume of 2,853,143 shares, compared to its average volume of 2,404,252. 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 12 month low of $124.34 and a 12 month high of $169.78. The firm's 50 day simple moving average is $155.42 and its two-hundred day simple moving average is $158.13. The stock has a market capitalization of $96.55 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced 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 net margin of 23.42% and a return on equity of 12.95%. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is 37.66%.

Analyst Upgrades and Downgrades

ICE has been the subject of several analyst reports. UBS Group upped their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" 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. JPMorgan Chase & Co. cut their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Barclays increased their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods increased their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Three equities research 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 an average rating of "Moderate Buy" and a consensus price target of $178.80.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares of the company's stock, valued at $24,986,080. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the completion of the sale, the insider now directly owns 17,972 shares of the company's stock, valued at approximately $3,001,144.28. The trade was a 27.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,196 shares of company stock valued at $10,840,972. Insiders own 1.10% of the company's stock.

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.