UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 487,901 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,136,338 shares of the financial services provider's stock after acquiring an additional 487,901 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.72% of Intercontinental Exchange worth $616,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Intercontinental Exchange in the fourth quarter worth about $25,000. Redwood Park Advisors LLC bought a new stake in Intercontinental Exchange in the fourth quarter worth about $33,000. Lee Danner & Bass Inc. bought a new stake in Intercontinental Exchange in the fourth quarter worth about $34,000. BankPlus Trust Department acquired a new stake in Intercontinental Exchange during the 4th quarter worth about $40,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Intercontinental Exchange during the 4th quarter worth about $44,000. 89.30% of the stock is currently owned by institutional investors.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction that occurred on 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 now owns 21,364 shares in the company, valued at $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 is available at the SEC website. Also, President Benjamin Jackson sold 7,900 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the transaction, the president now owns 147,274 shares in the company, valued at approximately $25,247,181.82. This trade represents a 5.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,082 shares of company stock valued at $1,868,802. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Up 1.3%

Shares of ICE traded up $2.27 during trading hours on Friday, reaching $176.27. The company's stock had a trading volume of 2,248,069 shares, compared to its average volume of 2,998,291. The firm has a market cap of $101.11 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 1-year low of $131.79 and a 1-year high of $179.44. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $167.76 and a two-hundred day moving average of $161.87.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.95% and a net margin of 23.42%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 EPS. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.09%. Intercontinental Exchange's payout ratio is 39.75%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley boosted their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Barclays boosted their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, UBS Group upped their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $188.46.

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.