Metropolitan Life Insurance Co NY lessened its holdings in Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,398 shares of the financial services provider’s stock after selling 598 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Intercontinental Exchange were worth $2,759,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Intercontinental Exchange by 91,224.9% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 92,329,444 shares of the financial services provider’s stock valued at $10,440,613,000 after acquiring an additional 92,228,344 shares during the last quarter. Norges Bank acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $579,605,000. T. Rowe Price Investment Management Inc. grew its stake in Intercontinental Exchange by 45.5% in the fourth 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 purchasing an additional 5,354,161 shares in the last quarter. Morgan Stanley increased its position in shares of Intercontinental Exchange by 18.9% during the 4th quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider’s stock worth $2,606,466,000 after purchasing an additional 4,044,744 shares during the last quarter. Finally, Veritas Asset Management LLP raised its stake in shares of Intercontinental Exchange by 76.9% during the 1st quarter. Veritas Asset Management LLP now owns 7,450,402 shares of the financial services provider’s stock worth $777,002,000 after purchasing an additional 3,239,605 shares in the last quarter. Institutional investors and hedge funds own 87.91% of the company’s stock.
Insider Activity at Intercontinental Exchange
In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 88,683 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $10,005,216.06. Following the sale, the chief executive officer now owns 1,169,965 shares of the company’s stock, valued at approximately $131,995,451.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Jeffrey C. Sprecher sold 88,683 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $112.82, for a total value of $10,005,216.06. Following the completion of the transaction, the chief executive officer now owns 1,169,965 shares of the company’s stock, valued at $131,995,451.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 5,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $108.72, for a total transaction of $543,600.00. Following the sale, the president now directly owns 125,184 shares in the company, valued at $13,610,004.48. The disclosure for this sale can be found here. Insiders have sold 99,210 shares of company stock valued at $11,187,300 over the last three months. 1.10% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Intercontinental Exchange Trading Up 0.7 %
Shares of Intercontinental Exchange stock opened at $112.15 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.82. Intercontinental Exchange, Inc. has a 12-month low of $94.16 and a 12-month high of $118.79. The company has a market capitalization of $64.19 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.69 and a beta of 0.98. The firm’s 50-day moving average price is $110.25 and its two-hundred day moving average price is $111.60.
Intercontinental Exchange Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 14th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, December 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.50%. Intercontinental Exchange’s dividend payout ratio is 38.98%.
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.
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