Tokio Marine Asset Management Co. Ltd. Acquires 292 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Tokio Marine Asset Management Co. Ltd. raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,266 shares of the financial services provider’s stock after buying an additional 292 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Intercontinental Exchange were worth $1,575,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ICE. Wellington Management Group LLP boosted its holdings in shares of Intercontinental Exchange by 219.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after purchasing an additional 8,348,126 shares during the period. Invesco Ltd. boosted its holdings in shares of Intercontinental Exchange by 21.1% in the 3rd quarter. Invesco Ltd. now owns 6,073,725 shares of the financial services provider’s stock worth $668,231,000 after purchasing an additional 1,058,536 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Intercontinental Exchange by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock worth $5,162,041,000 after purchasing an additional 1,012,034 shares during the period. Barclays PLC boosted its holdings in shares of Intercontinental Exchange by 58.8% in the 3rd quarter. Barclays PLC now owns 2,374,570 shares of the financial services provider’s stock worth $261,251,000 after purchasing an additional 879,646 shares during the period. Finally, Third Point LLC boosted its holdings in shares of Intercontinental Exchange by 29.2% in the 3rd quarter. Third Point LLC now owns 2,389,934 shares of the financial services provider’s stock worth $262,941,000 after purchasing an additional 539,934 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.7 %

NYSE ICE traded down $0.91 on Thursday, reaching $131.66. 960,044 shares of the stock traded hands, compared to its average volume of 2,373,633. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day moving average price of $136.07 and a 200-day moving average price of $125.00. The company has a market cap of $75.39 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 2.17 and a beta of 1.02. Intercontinental Exchange, Inc. has a 12 month low of $103.81 and a 12 month high of $140.43.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 5.97 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. Intercontinental Exchange’s payout ratio is presently 42.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ICE. Raymond James lifted their target price on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Friday, January 5th. Citigroup boosted their price objective on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $152.00 price objective on shares of Intercontinental Exchange in a report on Thursday, April 4th. Barclays boosted their price objective on Intercontinental Exchange from $153.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.08.

Insider Transactions at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at approximately $161,893,392.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Intercontinental Exchange news, insider Elizabeth Kathryn King sold 3,783 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total transaction of $499,469.49. Following the sale, the insider now owns 17,242 shares in the company, valued at approximately $2,276,461.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the sale, the chief executive officer now owns 1,179,895 shares in the company, valued at approximately $161,893,392.95. The disclosure for this sale can be found here. In the last three months, insiders sold 157,491 shares of company stock valued at $21,454,204. Corporate insiders own 1.10% of the company’s stock.

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.