Asset Management One Co. Ltd. Decreases Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Asset Management One Co. Ltd. cut its position in Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 257,226 shares of the financial services provider’s stock after selling 1,101 shares during the period. Asset Management One Co. Ltd.’s holdings in Intercontinental Exchange were worth $23,240,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ICE. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Intercontinental Exchange by 1,190.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,072,850 shares of the financial services provider’s stock worth $367,982,000 after buying an additional 3,757,258 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Intercontinental Exchange by 24.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 14,116,396 shares of the financial services provider’s stock worth $1,327,506,000 after acquiring an additional 2,732,668 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Intercontinental Exchange by 59.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,275,418 shares of the financial services provider’s stock worth $564,869,000 after acquiring an additional 1,589,999 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Intercontinental Exchange in the third quarter worth approximately $112,881,000. Finally, Renaissance Technologies LLC grew its stake in shares of Intercontinental Exchange by 372.4% in the second quarter. Renaissance Technologies LLC now owns 1,273,790 shares of the financial services provider’s stock worth $119,787,000 after acquiring an additional 1,004,157 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $105.98, for a total transaction of $169,568.00. Following the transaction, the senior vice president now owns 20,934 shares in the company, valued at $2,218,585.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $105.98, for a total value of $169,568.00. Following the transaction, the senior vice president now directly owns 20,934 shares in the company, valued at $2,218,585.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,500 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the transaction, the general counsel now owns 40,507 shares in the company, valued at $4,253,235. The disclosure for this sale can be found here. Insiders have sold 34,100 shares of company stock worth $3,593,168 over the last quarter. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ICE shares. Bank of America upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $132.00 in a research note on Thursday, November 17th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intercontinental Exchange from $134.00 to $131.00 in a research note on Wednesday, January 11th. Raymond James boosted their target price on shares of Intercontinental Exchange from $123.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Tuesday, December 6th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Saturday, November 12th. Finally, Citigroup boosted their target price on shares of Intercontinental Exchange from $102.00 to $110.00 in a research report on Thursday, January 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.25.

Intercontinental Exchange Trading Down 2.2 %

Shares of ICE opened at $106.25 on Wednesday. The company’s fifty day moving average is $105.10 and its 200 day moving average is $100.92. Intercontinental Exchange, Inc. has a fifty-two week low of $88.60 and a fifty-two week high of $137.40. The stock has a market capitalization of $59.35 billion, a PE ratio of 23.56, a P/E/G ratio of 3.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.04.

Intercontinental Exchange (NYSE:ICE – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Intercontinental Exchange had a net margin of 26.58% and a return on equity of 13.38%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 5.31 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, December 14th. Intercontinental Exchange’s dividend payout ratio (DPR) is 33.70%.

Intercontinental Exchange Profile

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Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.