Robeco Institutional Asset Management B.V. Has $173.30 Million Stock Holdings in Intercontinental Exchange Inc. (NYSE:ICE)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 107.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,004,661 shares of the financial services provider's stock after purchasing an additional 520,764 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.17% of Intercontinental Exchange worth $173,304,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Value Partners Investments Inc. boosted its position in shares of Intercontinental Exchange by 23.9% in the first quarter. Value Partners Investments Inc. now owns 12,636 shares of the financial services provider's stock valued at $2,181,000 after acquiring an additional 2,436 shares during the period. Perigon Wealth Management LLC boosted its position in shares of Intercontinental Exchange by 1.5% in the first quarter. Perigon Wealth Management LLC now owns 15,172 shares of the financial services provider's stock valued at $2,617,000 after acquiring an additional 226 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Intercontinental Exchange in the first quarter valued at approximately $209,000. HBK Sorce Advisory LLC boosted its position in shares of Intercontinental Exchange by 15.0% in the first quarter. HBK Sorce Advisory LLC now owns 2,027 shares of the financial services provider's stock valued at $350,000 after acquiring an additional 264 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in shares of Intercontinental Exchange by 279.7% in the first quarter. Golden State Wealth Management LLC now owns 1,310 shares of the financial services provider's stock valued at $226,000 after acquiring an additional 965 shares during the period. Institutional investors own 89.30% of the company's stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $177.48, for a total transaction of $283,968.00. Following the completion of the transaction, the senior vice president now directly owns 27,313 shares in the company, valued at $4,847,511.24. This represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction 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 completion of the sale, the director now owns 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 disclosure for this sale can be found here. Insiders sold 227,954 shares of company stock worth $40,796,663 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ICE. Morgan Stanley increased their price objective 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. Barclays raised their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Bank of America reduced 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. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.46.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded up $0.94 during mid-day trading on Friday, hitting $181.74. 2,137,138 shares of the company were exchanged, compared to its average volume of 3,004,683. 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 business has a fifty day moving average of $174.49 and a 200 day moving average of $165.41. Intercontinental Exchange Inc. has a 1-year low of $136.21 and a 1-year high of $182.70. The company has a market capitalization of $104.25 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released 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. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the company posted $1.48 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.06%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

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.