Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 496,925 shares of the financial services provider's stock after buying an additional 46,328 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.09% of Intercontinental Exchange worth $85,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ICE. REAP Financial Group LLC grew its stake in Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Sierra Ocean LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth $25,000. Menard Financial Group LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth $29,000. Redwood Park Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $33,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 0.4%

ICE stock traded down $0.78 during trading on Friday, reaching $178.30. 2,500,290 shares of the stock traded hands, compared to its average volume of 3,020,161. Intercontinental Exchange, Inc. has a 52-week low of $133.97 and a 52-week high of $180.89. The business's 50 day moving average price is $170.32 and its 200-day moving average price is $164.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $102.28 billion, a PE ratio of 37.30, a P/E/G ratio of 2.10 and a beta of 1.12.

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

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.08%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Bank of America decreased their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Barclays upped their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley upped their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average target price of $188.46.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James W. Namkung sold 612 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $180.00, for a total transaction of $110,160.00. Following the sale, the chief accounting officer now owns 13,220 shares in the company, valued at $2,379,600. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the sale, the director now owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 227,954 shares of company stock valued at $40,796,663. Insiders own 1.00% 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.