Robeco Institutional Asset Management B.V. Increases Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Robeco Institutional Asset Management B.V. lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 56.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,897 shares of the financial services provider's stock after purchasing an additional 175,150 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.08% of Intercontinental Exchange worth $72,105,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ICE. Wolff Wiese Magana LLC increased its position in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 147 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Intercontinental Exchange in the third quarter worth about $26,000. Financial Management Professionals Inc. raised its stake in shares of Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after purchasing an additional 87 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Intercontinental Exchange during the third quarter worth about $29,000. Finally, FSA Wealth Management LLC purchased a new stake in Intercontinental Exchange in the third quarter valued at approximately $31,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

ICE stock traded up $2.88 during mid-day trading on Thursday, reaching $160.10. The company's stock had a trading volume of 373,343 shares, compared to its average volume of 3,129,389. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The company's 50 day moving average is $153.10 and its two-hundred day moving average is $156.33. The stock has a market cap of $91.92 billion, a PE ratio of 37.94, a P/E/G ratio of 2.95 and a beta of 1.10. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the previous year, the company posted $1.46 EPS. The company's revenue was up 17.3% compared to the same quarter last year. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods cut their price target on Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group boosted their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. StockNews.com cut shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average target price of $175.27.

Insiders Place Their Bets

In other news, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value 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. This represents a 7.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction on 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 directly owns 156,163 shares of the company's stock, valued at $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,795 shares of company stock valued at $2,120,572 over the last ninety days. Company insiders own 1.10% of the company's stock.

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.