KLP Kapitalforvaltning AS acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 190,485 shares of the financial services provider's stock, valued at approximately $28,384,000.
A number of other hedge funds have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in Intercontinental Exchange by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock worth $5,647,000 after buying an additional 366 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Intercontinental Exchange by 6.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock valued at $11,022,000 after acquiring an additional 4,787 shares during the last quarter. M&T Bank Corp increased its position in Intercontinental Exchange by 33.2% during the 3rd quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock worth $7,500,000 after purchasing an additional 11,648 shares in the last quarter. Avantra Family Wealth Inc. acquired a new position in Intercontinental Exchange in the 4th quarter valued at about $702,000. Finally, Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of Intercontinental Exchange by 9.2% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock valued at $108,515,000 after buying an additional 61,110 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Intercontinental Exchange
In related news, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $165.71, for a total transaction of $965,757.88. Following the completion of the transaction, the president now directly owns 164,041 shares in the company, valued at $27,183,234.11. This represents a 3.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Douglas Foley sold 10,580 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the sale, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,563 shares of company stock worth $10,998,990. 1.10% of the stock is currently owned by company insiders.
Intercontinental Exchange Stock Up 0.5 %
NYSE ICE traded up $0.80 during trading hours on Thursday, reaching $176.56. 2,945,931 shares of the company traded hands, compared to its average volume of 2,603,453. The stock has a market capitalization of $101.44 billion, a PE ratio of 36.94, a PEG ratio of 2.10 and a beta of 1.08. 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 $178.10. The company has a 50 day moving average of $166.08 and a two-hundred day moving average of $160.37.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted 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%. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current 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 1.09%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.
Analyst Ratings Changes
A number of research analysts have recently commented on ICE shares. JPMorgan Chase & Co. dropped their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays upped their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, UBS Group upped their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $178.80.
Get Our Latest Analysis on Intercontinental Exchange
Intercontinental Exchange Company Profile
(
Free Report)
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.
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