Mn Services Vermogensbeheer B.V. Boosts Position in Intercontinental Exchange Inc. $ICE

Mn Services Vermogensbeheer B.V. lifted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 3.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 223,638 shares of the financial services provider’s stock after purchasing an additional 6,438 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Intercontinental Exchange were worth $36,220,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ICE. Dynasty Wealth Management LLC purchased a new stake in Intercontinental Exchange in the 3rd quarter worth approximately $897,000. Rockland Trust Co. grew its position in shares of Intercontinental Exchange by 19.7% during the 3rd quarter. Rockland Trust Co. now owns 127,652 shares of the financial services provider’s stock valued at $21,507,000 after purchasing an additional 20,981 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Intercontinental Exchange by 37.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,920 shares of the financial services provider’s stock valued at $2,008,000 after purchasing an additional 3,261 shares in the last quarter. Eastern Bank increased its holdings in shares of Intercontinental Exchange by 14.6% in the third quarter. Eastern Bank now owns 203,731 shares of the financial services provider’s stock worth $34,325,000 after purchasing an additional 25,980 shares during the period. Finally, M&G PLC increased its holdings in shares of Intercontinental Exchange by 18.4% in the third quarter. M&G PLC now owns 107,070 shares of the financial services provider’s stock worth $17,988,000 after purchasing an additional 16,635 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Up 2.8%

Shares of NYSE:ICE opened at $156.90 on Tuesday. The firm has a market capitalization of $89.10 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35. The firm has a fifty day moving average of $162.17 and a 200 day moving average of $160.75.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the business posted $1.52 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 36.05%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ICE shares. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. Finally, Barclays set a $193.00 price objective on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $194.73.

Insider Buying and Selling

In other Intercontinental Exchange news, President Benjamin Jackson sold 3,865 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $153.73, for a total transaction of $594,166.45. Following the transaction, the president directly owned 165,304 shares in the company, valued at $25,412,183.92. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 11,303 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the transaction, the insider directly owned 14,266 shares in the company, valued at $2,194,396.12. This trade represents 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 348,418 shares of company stock worth $54,196,631 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.