Intercontinental Exchange Inc. (NYSE:ICE) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 97.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,128 shares of the financial services provider's stock after buying an additional 4,011 shares during the quarter. Penserra Capital Management LLC's holdings in Intercontinental Exchange were worth $1,401,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Intercontinental Exchange by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock valued at $7,782,521,000 after buying an additional 538,670 shares during the period. Geode Capital Management LLC increased its position in shares of Intercontinental Exchange by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock worth $1,765,317,000 after acquiring an additional 327,637 shares during the period. Royal Bank of Canada increased its position 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 acquiring an additional 5,204,309 shares during the period. Norges Bank purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth $1,196,258,000. Finally, Northern Trust Corp increased its position in shares of Intercontinental Exchange by 9.7% during the fourth quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock worth $1,105,953,000 after acquiring an additional 655,247 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the transaction, the director owned 21,364 shares of the company's stock, valued at approximately $3,396,876. This trade represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $179.22, for a total value of $26,883,000.00. Following the transaction, the chief executive officer directly owned 2,101,705 shares in the company, valued at approximately $376,667,570.10. The trade was a 6.66% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 228,749 shares of company stock valued at $40,942,387. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ICE. UBS Group upped their price objective on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley upped their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Bank of America cut their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Barclays upped their price objective on Intercontinental Exchange from $198.00 to $206.00 and gave the stock an "overweight" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $192.58.

Intercontinental Exchange Stock Down 0.2%

ICE traded down $0.36 on Thursday, reaching $181.80. The company's stock had a trading volume of 1,894,320 shares, compared to its average volume of 2,980,389. The stock has a 50 day moving average of $178.11 and a two-hundred day moving average of $167.17. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $104.28 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 1.96 and a beta of 1.11. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $183.99.

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

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.06%. Intercontinental Exchange's payout ratio 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.