171,069 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 171,069 shares of the financial services provider's stock, valued at approximately $25,524,000.

Other institutional investors have also added to or reduced their stakes in the company. Prudential PLC raised its stake in shares of Intercontinental Exchange by 34.5% during the fourth quarter. Prudential PLC now owns 13,097 shares of the financial services provider's stock valued at $1,952,000 after acquiring an additional 3,360 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Intercontinental Exchange in the 4th quarter worth approximately $648,000. Pitcairn Co. grew its position in shares of Intercontinental Exchange by 4.6% in the 4th quarter. Pitcairn Co. now owns 16,494 shares of the financial services provider's stock worth $2,458,000 after buying an additional 723 shares during the last quarter. Grant Private Wealth Management Inc purchased a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $365,000. Finally, Motley Fool Asset Management LLC raised its holdings in shares of Intercontinental Exchange by 13.0% during the fourth quarter. Motley Fool Asset Management LLC now owns 26,115 shares of the financial services provider's stock valued at $3,891,000 after acquiring an additional 3,007 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction 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 directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now owns 12,922 shares of the company's stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,563 shares of company stock worth $10,998,990 in the last quarter. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

ICE stock traded down $1.19 on Friday, hitting $154.00. The company had a trading volume of 540,415 shares, compared to its average volume of 2,907,771. 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 $177.45. The stock has a market cap of $88.47 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 2.10 and a beta of 1.09. The stock's 50-day simple moving average is $167.87 and its 200 day simple moving average is $160.55.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (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%. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's payout ratio is currently 40.17%.

Analysts Set New Price Targets

Several analysts recently weighed in on ICE shares. 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 boosted 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. Bank of America lowered their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.47.

Intercontinental Exchange Company 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.