Mitsubishi UFJ Asset Management Co. Ltd. Has $836.85 Million Stock Position in Intercontinental Exchange Inc. $ICE

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,967,071 shares of the financial services provider’s stock after purchasing an additional 148,923 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.87% of Intercontinental Exchange worth $836,852,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Westside Investment Management Inc. purchased a new stake in Intercontinental Exchange in the 2nd quarter worth approximately $29,000. Private Wealth Management Group LLC increased its stake in shares of Intercontinental Exchange by 59.5% in the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Knuff & Co LLC raised its holdings in shares of Intercontinental Exchange by 73.3% during the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in Intercontinental Exchange by 128.6% during the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 153 shares during the last quarter. Finally, Capital A Wealth Management LLC lifted its holdings in shares of Intercontinental Exchange by 26,000.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 261 shares of the financial services provider’s stock valued at $48,000 after buying an additional 260 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $180.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Raymond James Financial reiterated a “strong-buy” rating and issued a $211.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, UBS Group reaffirmed a “buy” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $195.40.

Intercontinental Exchange Trading Up 3.4%

Shares of NYSE:ICE opened at $160.71 on Thursday. The stock has a market capitalization of $91.26 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.02. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The company’s 50-day moving average price is $164.33 and its two-hundred day moving average price is $163.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the business posted $1.52 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 33.28%.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 3,865 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $153.73, for a total transaction of $594,166.45. Following the sale, the president directly owned 165,304 shares of the company’s stock, valued at approximately $25,412,183.92. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 11,303 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $153.82, for a total value of $1,738,627.46. Following the transaction, the insider directly owned 14,266 shares in the company, valued at $2,194,396.12. The trade was a 44.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 354,492 shares of company stock worth $55,139,102 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.