Universal Beteiligungs und Servicegesellschaft mbH Makes New $88.05 Million Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 590,886 shares of the financial services provider's stock, valued at approximately $88,048,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Intercontinental Exchange at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at $1,196,258,000. Royal Bank of Canada grew its holdings in shares of Intercontinental Exchange by 132.9% during the fourth quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock worth $1,359,173,000 after purchasing an additional 5,204,309 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Intercontinental Exchange by 423.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider's stock worth $677,465,000 after purchasing an additional 3,678,384 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $406,728,000. Finally, Swedbank AB boosted its position in shares of Intercontinental Exchange by 2,293.3% in the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after purchasing an additional 2,123,185 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 552 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $174.52, for a total value of $96,335.04. Following the sale, the insider now directly owns 15,658 shares in the company, valued at $2,732,634.16. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now directly owns 21,364 shares of the company's stock, valued at $3,396,876. The trade was a 10.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,579 shares of company stock worth $584,818 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ICE. Barclays boosted their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley upped their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Wall Street Zen raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. UBS Group upped their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Bank of America lowered their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.46.

Intercontinental Exchange Price Performance

ICE stock traded up $1.42 during trading on Friday, reaching $179.95. 5,439,052 shares of the company were exchanged, compared to its average volume of 3,018,810. Intercontinental Exchange, Inc. has a 52-week low of $131.79 and a 52-week high of $182.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $103.22 billion, a P/E ratio of 37.65, a PEG ratio of 2.10 and a beta of 1.12. The stock's 50 day moving average price is $168.00 and its 200 day moving average price is $162.46.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The company's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 EPS. As a group, analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

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.