Intercontinental Exchange, Inc. (NYSE:ICE) Stake Boosted by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its stake in Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,005 shares of the financial services provider’s stock after purchasing an additional 8,129 shares during the quarter. IFM Investors Pty Ltd’s holdings in Intercontinental Exchange were worth $8,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Intercontinental Exchange by 13.0% in the 4th quarter. BlackRock Inc. now owns 46,929,022 shares of the financial services provider’s stock valued at $6,418,482,000 after buying an additional 5,408,445 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Intercontinental Exchange by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 44,599,297 shares of the financial services provider’s stock worth $5,892,459,000 after purchasing an additional 1,100,806 shares during the last quarter. State Street Corp lifted its holdings in Intercontinental Exchange by 3.3% in the 4th quarter. State Street Corp now owns 25,791,770 shares of the financial services provider’s stock worth $3,527,540,000 after purchasing an additional 819,503 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in Intercontinental Exchange by 0.9% in the 1st quarter. Mawer Investment Management Ltd. now owns 7,089,422 shares of the financial services provider’s stock worth $936,654,000 after purchasing an additional 66,301 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Intercontinental Exchange by 30.1% in the 1st quarter. Invesco Ltd. now owns 6,986,826 shares of the financial services provider’s stock worth $923,099,000 after purchasing an additional 1,618,497 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $94.06 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.04 and a current ratio of 1.04. Intercontinental Exchange, Inc. has a 52 week low of $90.05 and a 52 week high of $139.79. The stock has a market capitalization of $52.53 billion, a PE ratio of 15.76, a PEG ratio of 3.38 and a beta of 0.89. The stock’s fifty day moving average is $102.25 and its 200-day moving average is $107.82.

Intercontinental Exchange (NYSE:ICEGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.04. Intercontinental Exchange had a return on equity of 13.52% and a net margin of 35.58%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts expect that Intercontinental Exchange, Inc. will post 5.36 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, September 15th. Intercontinental Exchange’s payout ratio is 25.46%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ICE. UBS Group cut their price target on Intercontinental Exchange from $134.00 to $126.00 in a report on Monday, July 11th. Raymond James cut their price target on Intercontinental Exchange from $142.00 to $126.00 and set a “strong-buy” rating for the company in a report on Wednesday, June 22nd. Argus cut their price target on Intercontinental Exchange from $148.00 to $138.00 in a report on Wednesday, June 1st. Atlantic Securities upped their price target on Intercontinental Exchange from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Intercontinental Exchange from $124.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.75.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $107.73, for a total value of $172,368.00. Following the transaction, the senior vice president now owns 22,402 shares of the company’s stock, valued at $2,413,367.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $107.73, for a total transaction of $172,368.00. Following the sale, the senior vice president now owns 22,402 shares of the company’s stock, valued at $2,413,367.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 87,377 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $94.95, for a total value of $8,296,446.15. Following the sale, the chief executive officer now directly owns 1,255,207 shares in the company, valued at approximately $119,181,904.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,477 shares of company stock valued at $8,736,314. 1.30% of the stock is currently owned by company insiders.

Intercontinental Exchange Company Profile

(Get Rating)

Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

See Also

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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