34,800 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Bought by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,800 shares of the financial services provider's stock, valued at approximately $5,186,000.

A number of other large investors have also made changes to their positions in the stock. Sierra Ocean LLC purchased a new position in Intercontinental Exchange in the 4th quarter valued at about $25,000. FSA Wealth Management LLC acquired a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $31,000. Lee Danner & Bass Inc. purchased a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $34,000. BankPlus Trust Department acquired a new stake in Intercontinental Exchange during the fourth quarter worth approximately $40,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Intercontinental Exchange in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ICE shares. UBS Group increased 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. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays boosted their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $178.80.

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Intercontinental Exchange Price Performance

NYSE:ICE traded down $1.71 on Friday, reaching $174.65. The stock had a trading volume of 3,199,231 shares, compared to its average volume of 2,778,671. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $177.45. The stock has a fifty day moving average price of $167.12 and a 200-day moving average price of $160.56. The company has a market capitalization of $100.35 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.10%. Intercontinental Exchange's dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was 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 of the company's stock, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares of the company's stock, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock valued at $10,998,990 in the last three months. 1.10% of the stock is currently owned by company insiders.

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.