ProShare Advisors LLC Acquires 12,726 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

ProShare Advisors LLC raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,082 shares of the financial services provider's stock after purchasing an additional 12,726 shares during the period. ProShare Advisors LLC's holdings in Intercontinental Exchange were worth $18,340,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ICE. Norges Bank bought a new stake in Intercontinental Exchange in the 4th quarter valued at about $1,196,258,000. Kovitz Investment Group Partners LLC raised its position in shares of Intercontinental Exchange by 423.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider's stock valued at $677,465,000 after buying an additional 3,678,384 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $406,728,000. Swedbank AB raised its position in shares of Intercontinental Exchange by 2,293.3% in the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after buying an additional 2,123,185 shares in the last quarter. Finally, AMF Tjanstepension AB raised its position in shares of Intercontinental Exchange by 1,237.7% in the 4th quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider's stock valued at $253,591,000 after buying an additional 1,574,386 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

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

Intercontinental Exchange Price Performance

ICE stock opened at $176.10 on Friday. The company has a 50 day simple moving average of $167.31 and a 200 day simple moving average of $161.26. The stock has a market cap of $101.01 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 1 year low of $131.79 and a 1 year high of $179.44. 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 (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. During the same period in the prior year, the company posted $1.48 EPS. The company's revenue was up 8.0% on a year-over-year basis. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.09%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 39.75%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ICE shares. JPMorgan Chase & Co. dropped their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. UBS Group boosted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Barclays boosted their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley boosted their target price 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. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.93.

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.

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