OMERS ADMINISTRATION Corp Has $3.56 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

OMERS ADMINISTRATION Corp lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 20.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,872 shares of the financial services provider's stock after purchasing an additional 4,043 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Intercontinental Exchange were worth $3,557,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Obermeyer Wealth Partners grew its stake in shares of Intercontinental Exchange by 9.9% during the 4th quarter. Obermeyer Wealth Partners now owns 1,847 shares of the financial services provider's stock worth $275,000 after purchasing an additional 167 shares during the period. Morse Asset Management Inc lifted its holdings in Intercontinental Exchange by 4.8% in the 4th quarter. Morse Asset Management Inc now owns 27,604 shares of the financial services provider's stock valued at $4,113,000 after purchasing an additional 1,255 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Intercontinental Exchange by 27.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,008 shares of the financial services provider's stock valued at $13,412,000 after purchasing an additional 19,410 shares in the last quarter. Lighthouse Investment Partners LLC lifted its holdings in Intercontinental Exchange by 1,711.9% in the 4th quarter. Lighthouse Investment Partners LLC now owns 38,213 shares of the financial services provider's stock valued at $5,694,000 after purchasing an additional 36,104 shares in the last quarter. Finally, Investment Management Corp of Ontario lifted its holdings in shares of Intercontinental Exchange by 5.6% during the 4th quarter. Investment Management Corp of Ontario now owns 20,078 shares of the financial services provider's stock worth $2,992,000 after acquiring an additional 1,068 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Up 0.5%

Intercontinental Exchange stock traded up $0.81 during mid-day trading on Monday, hitting $177.06. The company's stock had a trading volume of 622,638 shares, compared to its average volume of 2,966,897. The company has a 50 day moving average of $167.31 and a 200-day moving average of $161.26. The stock has a market cap of $101.57 billion, a PE ratio of 37.04, a P/E/G ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a one year low of $131.79 and a one year high of $179.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results 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 net margin of 23.42% and a return on equity of 12.95%. The company had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. During the same period last year, the business earned $1.48 EPS. Intercontinental Exchange's revenue for the quarter was up 8.0% on a year-over-year basis. On average, research analysts anticipate 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 Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.08%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 39.75%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. 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 research report on Wednesday, April 2nd. Barclays lifted their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, UBS Group lifted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $185.93.

Insider Activity

In other news, President Benjamin Jackson sold 7,900 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $166.36, for a total value of $1,314,244.00. Following the transaction, the president now owns 160,059 shares in the company, valued at approximately $26,627,415.24. This represents a 4.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 6,834 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the completion of the transaction, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. This trade represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,368 shares of company stock valued at $7,077,789 in the last quarter. Insiders own 1.00% of the company's stock.

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.