Intercontinental Exchange, Inc. (NYSE:ICE) Stake Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,266 shares of the financial services provider’s stock after buying an additional 292 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Intercontinental Exchange were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of Intercontinental Exchange during the third quarter valued at approximately $25,000. Jones Financial Companies Lllp acquired a new position in shares of Intercontinental Exchange during the third quarter valued at approximately $26,000. Fortitude Family Office LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $39,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 0.7 %

NYSE ICE traded down $0.91 on Thursday, hitting $131.66. 960,044 shares of the stock were exchanged, compared to its average volume of 2,373,633. Intercontinental Exchange, Inc. has a 52-week low of $103.81 and a 52-week high of $140.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $75.39 billion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 2.17 and a beta of 1.02. The company’s 50-day moving average price is $136.07 and its two-hundred day moving average price is $125.00.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. Research analysts predict that Intercontinental Exchange, Inc. will post 5.97 EPS for the current year.

Intercontinental Exchange Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.86%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Elizabeth Kathryn King sold 3,783 shares of Intercontinental Exchange stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $499,469.49. Following the completion of the sale, the insider now owns 17,242 shares of the company’s stock, valued at approximately $2,276,461.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Warren Gardiner sold 2,176 shares of Intercontinental Exchange stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the sale, the chief financial officer now owns 12,061 shares of the company’s stock, valued at approximately $1,640,296. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Elizabeth Kathryn King sold 3,783 shares of Intercontinental Exchange stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $499,469.49. Following the completion of the sale, the insider now directly owns 17,242 shares of the company’s stock, valued at approximately $2,276,461.26. The disclosure for this sale can be found here. Insiders sold 157,491 shares of company stock valued at $21,454,204 in the last quarter. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Rosenblatt Securities raised their price objective on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a research note on Friday, February 9th. UBS Group lifted their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Barclays lifted their price target on shares of Intercontinental Exchange from $153.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.08.

Intercontinental Exchange 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.