Intercontinental Exchange Inc. (NYSE:ICE) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,944 shares of the financial services provider's stock after buying an additional 16,487 shares during the period. Asset Management One Co. Ltd.'s holdings in Intercontinental Exchange were worth $41,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. REAP Financial Group LLC lifted its stake in shares of Intercontinental Exchange by 116.7% during the fourth quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after buying an additional 91 shares during the period. Menard Financial Group LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth $29,000. Rakuten Securities Inc. raised its holdings in shares of Intercontinental Exchange by 595.8% during the first quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock worth $29,000 after purchasing an additional 143 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in shares of Intercontinental Exchange during the first quarter worth $31,000. Finally, Redwood Park Advisors LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth $33,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 150,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the completion of the sale, the chief executive officer now owns 2,101,705 shares of the company's stock, valued at approximately $376,667,570.10. This represents a 6.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $177.48, for a total transaction of $283,968.00. Following the sale, the senior vice president now directly owns 27,313 shares of the company's stock, valued at approximately $4,847,511.24. This represents a 5.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 227,954 shares of company stock valued at $40,796,663 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

ICE has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Bank of America reduced their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Barclays raised their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Morgan Stanley lifted their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of "Moderate Buy" and a consensus price target of $188.46.

Intercontinental Exchange Price Performance

Shares of ICE stock traded up $0.44 on Thursday, reaching $180.97. 1,504,507 shares of the company were exchanged, compared to its average volume of 3,002,132. The company has a market cap of $103.81 billion, a price-to-earnings ratio of 37.47, a P/E/G ratio of 1.95 and a beta of 1.12. The business has a 50-day moving average price of $174.03 and a 200 day moving average price of $165.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange Inc. has a 1 year low of $136.21 and a 1 year high of $181.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 earnings per share. Equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.06%. Intercontinental Exchange's dividend payout ratio is currently 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.