MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 19,410 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 27.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,008 shares of the financial services provider's stock after acquiring an additional 19,410 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Intercontinental Exchange were worth $13,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange during the 4th quarter valued at $25,000. Redwood Park Advisors LLC purchased a new stake in Intercontinental Exchange in the 4th quarter worth about $33,000. Lee Danner & Bass Inc. acquired a new stake in Intercontinental Exchange during the 4th quarter worth about $34,000. BankPlus Trust Department purchased a new position in Intercontinental Exchange during the 4th quarter valued at about $40,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $44,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Bank of America decreased their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. UBS Group lifted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Barclays upped their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped 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. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and an average price target of $185.93.

Insider Buying and Selling

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of the business's stock in a transaction 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 sale, the president now owns 147,274 shares of the company's stock, valued at $25,247,181.82. The trade was a 5.09% decrease in their position. The sale was disclosed in a 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 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 now directly owns 21,364 shares of the company's stock, valued at $3,396,876. The trade was a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,368 shares of company stock valued at $7,077,789. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

ICE stock traded up $0.36 during midday trading on Monday, hitting $176.61. 2,731,494 shares of the company traded hands, compared to its average volume of 2,975,158. The stock has a market capitalization of $101.31 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a twelve month low of $131.79 and a twelve month 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 business has a 50 day simple moving average of $167.31 and a 200-day simple moving average of $161.26.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts predict 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. Stockholders 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%.

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.