Norinchukin Bank The Increases Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Norinchukin Bank The raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,847 shares of the financial services provider's stock after purchasing an additional 1,744 shares during the quarter. Norinchukin Bank The's holdings in Intercontinental Exchange were worth $3,702,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Intercontinental Exchange

In related news, insider Lynn C. Martin sold 4,155 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $165.60, for a total value of $688,068.00. Following the sale, the insider now owns 57,376 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the business's 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 of the company's stock, valued at $3,396,876. This trade represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,931 shares of company stock valued at $10,492,868 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ICE shares. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Royal Bank of Canada restated 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 target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.47.

Intercontinental Exchange Stock Down 0.0 %

Shares of ICE traded down $0.02 during mid-day trading on Friday, hitting $162.96. 582,116 shares of the company's stock were exchanged, compared to its average volume of 2,920,006. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $93.62 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 2.10 and a beta of 1.09. The stock's 50-day moving average is $166.52 and its 200-day moving average is $160.44. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45.

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

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders 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 annualized dividend and a yield of 1.18%. Intercontinental Exchange's dividend payout ratio (DPR) is 40.17%.

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.