BI Asset Management Fondsmaeglerselskab A S Grows Position in Intercontinental Exchange, Inc. (NYSE:ICE)

BI Asset Management Fondsmaeglerselskab A S lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 541.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,498 shares of the financial services provider's stock after purchasing an additional 97,481 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Intercontinental Exchange were worth $17,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in ICE. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $25,000. Redwood Park Advisors LLC acquired a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $33,000. Lee Danner & Bass Inc. purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $34,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $40,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at approximately $45,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, 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 transaction of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. This represents a 5.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 62,931 shares of company stock worth $10,492,868 in the last three months. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on ICE. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays lifted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Bank of America decreased their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $182.47.

Intercontinental Exchange Trading Down 0.0 %

NYSE ICE traded down $0.02 during trading hours on Friday, reaching $162.96. The company had a trading volume of 582,116 shares, compared to its average volume of 2,920,001. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $93.62 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The stock has a 50-day moving average of $166.52 and a 200 day moving average of $160.44. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's payout ratio is 40.17%.

About Intercontinental Exchange

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.