Mufg Securities Americas Inc. Makes New Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Mufg Securities Americas Inc. acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,477 shares of the financial services provider's stock, valued at approximately $1,263,000.

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

Intercontinental Exchange Stock Up 0.7%

Shares of ICE stock traded up $1.25 on Friday, hitting $176.10. The stock had a trading volume of 2,330,889 shares, compared to its average volume of 2,976,138. The business has a 50 day moving average of $167.31 and a 200 day moving average of $161.23. The stock has a market cap of $101.01 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 12-month low of $131.79 and a 12-month high of $179.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its 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 company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 earnings per share. As a group, analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods increased their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. UBS Group increased their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Bank of America cut their target price 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. Finally, Barclays increased their target price 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. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and an average target price of $185.93.

Insider Buying and Selling

In related news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction dated 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 owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Benjamin Jackson sold 17,104 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the transaction, the president now owns 155,174 shares of the company's stock, valued at $25,855,091.88. This represents a 9.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,368 shares of company stock worth $7,077,789. Insiders own 1.00% of the company's stock.

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.