Nordea Investment Management AB Has $7.31 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Nordea Investment Management AB increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 27.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,870 shares of the financial services provider's stock after buying an additional 12,208 shares during the quarter. Nordea Investment Management AB's holdings in Intercontinental Exchange were worth $7,311,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Wellington Management Group LLP lifted its stake in shares of Intercontinental Exchange by 219.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider's stock valued at $1,336,371,000 after acquiring an additional 8,348,126 shares during the last quarter. Norges Bank bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at $579,605,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Intercontinental Exchange by 45.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,114,267 shares of the financial services provider's stock valued at $1,755,753,000 after acquiring an additional 5,354,161 shares during the last quarter. Morgan Stanley lifted its stake in shares of Intercontinental Exchange by 18.9% in the 4th quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider's stock valued at $2,606,466,000 after acquiring an additional 4,044,744 shares during the last quarter. Finally, Third Point LLC bought a new position in Intercontinental Exchange during the 2nd quarter worth $209,198,000. Institutional investors and hedge funds own 87.91% of the company's stock.

Intercontinental Exchange Price Performance

ICE traded down $1.87 during trading on Friday, reaching $136.23. The stock had a trading volume of 2,024,093 shares, compared to its average volume of 2,434,030. The stock has a market cap of $78.01 billion, a PE ratio of 32.45, a PEG ratio of 2.44 and a beta of 1.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a one year low of $95.66 and a one year high of $140.43. The business has a 50-day moving average of $133.39 and a 200-day moving average of $121.27.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The company's revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 5.91 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, March 14th. This is a boost from Intercontinental Exchange's previous quarterly dividend of $0.42. Intercontinental Exchange's dividend payout ratio (DPR) is currently 42.86%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ICE shares. Citigroup raised their target price on Intercontinental Exchange from $146.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. Rosenblatt Securities increased their price target on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a "buy" rating in a report on Friday, February 9th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Wednesday, February 14th. Barclays raised their target price on Intercontinental Exchange from $148.00 to $153.00 and gave the company an "overweight" rating in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on Intercontinental Exchange from $142.00 to $151.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.83.

Insider Activity at Intercontinental Exchange

In other news, CFO Warren Gardiner sold 500 shares of the business's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $138.83, for a total value of $69,415.00. Following the sale, the chief financial officer now directly owns 18,326 shares in the company, valued at approximately $2,544,198.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Warren Gardiner sold 500 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $138.83, for a total transaction of $69,415.00. Following the completion of the sale, the chief financial officer now owns 18,326 shares of the company's stock, valued at $2,544,198.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the business's stock in a transaction on Monday, March 4th. The shares were bought at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the purchase, the insider now directly owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 157,617 shares of company stock worth $20,784,288. 1.10% of the stock is owned by corporate insiders.

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.