Norinchukin Bank The Has $3.70 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Norinchukin Bank The lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,847 shares of the financial services provider's stock after purchasing an additional 1,744 shares during the period. Norinchukin Bank The's holdings in Intercontinental Exchange were worth $3,702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Intercontinental Exchange in the fourth quarter worth approximately $25,000. Redwood Park Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth $33,000. Lee Danner & Bass Inc. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $34,000. BankPlus Trust Department purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $40,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at $45,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ICE. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. 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 report on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped 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. Finally, Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $182.47.

Insider Transactions at Intercontinental Exchange

In related news, SVP Douglas Foley sold 10,580 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the transaction, the senior vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the sale, the president now owns 164,041 shares of the company's stock, valued at $27,183,234.11. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,931 shares of company stock worth $10,492,868. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE traded up $0.31 during trading hours on Wednesday, hitting $160.99. 2,876,118 shares of the company's stock were exchanged, compared to its average volume of 2,932,862. The company's 50-day moving average price is $166.71 and its 200-day moving average price is $160.41. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $177.45. The stock has a market capitalization of $92.49 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick 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 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 expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.19%. Intercontinental Exchange's dividend payout ratio is 40.17%.

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.