Mitsubishi UFJ Trust & Banking Corp Has $38.03 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,205 shares of the financial services provider's stock after selling 9,161 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Intercontinental Exchange were worth $38,028,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Prestige Wealth Management Group LLC lifted its holdings in shares of Intercontinental Exchange by 6.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,414 shares of the financial services provider's stock valued at $211,000 after purchasing an additional 85 shares in the last quarter. M.D. Sass LLC lifted its stake in Intercontinental Exchange by 30.1% in the 4th quarter. M.D. Sass LLC now owns 403,415 shares of the financial services provider's stock valued at $60,113,000 after acquiring an additional 93,227 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Intercontinental Exchange by 17.4% in the 4th quarter. Zions Bancorporation N.A. now owns 9,539 shares of the financial services provider's stock valued at $1,421,000 after acquiring an additional 1,417 shares in the last quarter. TIAA Trust National Association boosted its position in Intercontinental Exchange by 1.5% during the 4th quarter. TIAA Trust National Association now owns 11,689 shares of the financial services provider's stock worth $1,742,000 after acquiring an additional 170 shares during the last quarter. Finally, Modern Wealth Management LLC raised its holdings in shares of Intercontinental Exchange by 31.5% in the fourth quarter. Modern Wealth Management LLC now owns 1,839 shares of the financial services provider's stock valued at $274,000 after purchasing an additional 441 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, President Benjamin Jackson sold 7,900 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. This trade represents a 5.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction that occurred 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 of the company's stock, 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. Over the last quarter, insiders have sold 66,563 shares of company stock worth $10,998,990. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ICE shares. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Barclays increased 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. Finally, StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $178.80.

Intercontinental Exchange Stock Performance

NYSE:ICE traded down $2.20 during mid-day trading on Monday, reaching $172.51. 6,282,794 shares of the company's stock were exchanged, compared to its average volume of 2,792,633. The business's fifty day simple moving average is $167.59 and its two-hundred day simple moving average is $160.65. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The firm has a market capitalization of $99.12 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. 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 issued its quarterly 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 net margin of 23.42% and a return on equity of 12.95%. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is currently 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.