MetLife Investment Management LLC Raises Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

MetLife Investment Management LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,868 shares of the financial services provider's stock after acquiring an additional 2,680 shares during the quarter. MetLife Investment Management LLC's holdings in Intercontinental Exchange were worth $22,630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $25,000. Redwood Park Advisors LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth $33,000. Lee Danner & Bass Inc. bought a new stake in shares of Intercontinental Exchange in the fourth quarter worth $34,000. BankPlus Trust Department acquired a new stake in Intercontinental Exchange in the fourth quarter valued at $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Intercontinental Exchange during the 4th quarter worth $45,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Up 0.3 %

ICE stock traded up $0.54 during trading on Friday, reaching $163.52. The stock had a trading volume of 663,403 shares, compared to its average volume of 2,920,218. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The company's 50 day moving average is $166.52 and its two-hundred day moving average is $160.44. 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 market capitalization of $93.94 billion, a price-to-earnings ratio of 34.16, a P/E/G ratio of 2.10 and a beta of 1.09.

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 the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.17%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Lynn C. Martin sold 4,155 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.60, for a total transaction of $688,068.00. Following the completion of the transaction, the insider now owns 57,376 shares in the company, valued at $9,501,465.60. This trade represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now directly owns 21,364 shares in the company, 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. Over the last 90 days, insiders have sold 62,931 shares of company stock valued at $10,492,868. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. UBS Group boosted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, Bank of America reduced their price objective on shares of 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 thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $182.47.

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.