Mn Services Vermogensbeheer B.V. Has $35.37 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mn Services Vermogensbeheer B.V. lowered its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 220,200 shares of the financial services provider’s stock after selling 6,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Intercontinental Exchange were worth $35,373,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. New Millennium Group LLC bought a new position in Intercontinental Exchange in the 2nd quarter valued at about $25,000. International Assets Investment Management LLC bought a new position in Intercontinental Exchange in the second quarter valued at approximately $25,000. Fairscale Capital LLC bought a new position in Intercontinental Exchange in the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC raised its position in Intercontinental Exchange by 1,470.0% during the third 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 in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at $26,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ICE. Piper Sandler boosted their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Bank of America upped their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Morgan Stanley lifted their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Intercontinental Exchange from $169.00 to $160.00 and set a “hold” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus target price of $173.93.

Intercontinental Exchange Stock Up 0.5 %

Shares of ICE stock traded up $0.84 on Monday, hitting $155.48. The stock had a trading volume of 296,208 shares, compared to its average volume of 2,535,919. Intercontinental Exchange, Inc. has a 12-month low of $107.40 and a 12-month high of $167.99. The stock has a market cap of $89.27 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.35 and a beta of 1.08. The business has a 50 day moving average of $161.98 and a 200 day moving average of $148.45. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 EPS. As a group, analysts expect that Intercontinental Exchange, Inc. will post 6.13 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.45 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.80 annualized dividend and a yield of 1.16%. Intercontinental Exchange’s dividend payout ratio is currently 42.65%.

Insider Activity

In related news, Director Martha A. Tirinnanzi sold 509 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the transaction, the director now directly owns 3,958 shares of the company’s stock, valued at approximately $629,242.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Martha A. Tirinnanzi sold 509 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the transaction, the director now owns 3,958 shares in the company, valued at approximately $629,242.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock valued at $1,202,259 in the last ninety days. 1.10% of the stock is currently owned by insiders.

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.