Shell Asset Management Co. Has $3.39 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Shell Asset Management Co. increased its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,723 shares of the financial services provider's stock after acquiring an additional 3,142 shares during the period. Shell Asset Management Co.'s holdings in Intercontinental Exchange were worth $3,386,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth approximately $25,000. Redwood Park Advisors LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $33,000. Lee Danner & Bass Inc. bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $34,000. BankPlus Trust Department bought a new position in Intercontinental Exchange during the fourth quarter worth $40,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Intercontinental Exchange in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 0.3%

NYSE:ICE traded down $0.54 on Tuesday, hitting $176.21. 2,150,776 shares of the stock were exchanged, compared to its average volume of 2,978,088. The stock has a market capitalization of $101.08 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 52 week low of $131.79 and a 52 week high of $179.44. 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's 50-day moving average price is $167.46 and its 200 day moving average price is $161.42.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.09%. Intercontinental Exchange's payout ratio is currently 39.75%.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 7,900 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the transaction, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. The trade was a 5.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the business'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 owns 17,972 shares of the company's stock, valued at $3,001,144.28. This represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,468 shares of company stock worth $5,763,545. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ICE. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target 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. UBS Group raised 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. Finally, Barclays lifted their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.93.

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.