Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 65,036 shares of the financial services provider’s stock after buying an additional 3,907 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Intercontinental Exchange were worth $9,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ICE. Wolff Wiese Magana LLC boosted its position in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at approximately $26,000. Financial Management Professionals Inc. grew its position in shares of Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 87 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $29,000. Finally, FSA Wealth Management LLC purchased a new stake in Intercontinental Exchange in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now owns 12,922 shares of the company’s stock, valued at $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ICE. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays boosted their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target for the company. in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Trading Down 0.4 %

Shares of ICE opened at $166.95 on Friday. The firm’s 50-day moving average is $153.23 and its two-hundred day moving average is $156.81. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.75. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $95.86 billion, a P/E ratio of 39.56, a PEG ratio of 3.06 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. On average, research analysts predict that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

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.