OFI Invest Asset Management Makes New $1.71 Million Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

OFI Invest Asset Management acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,865 shares of the financial services provider’s stock, valued at approximately $1,707,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at about $29,000. Fiera Capital Corp boosted its holdings in shares of Intercontinental Exchange by 8.5% in the 3rd quarter. Fiera Capital Corp now owns 29,056 shares of the financial services provider’s stock valued at $4,668,000 after buying an additional 2,268 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at about $859,000. SpiderRock Advisors LLC boosted its holdings in shares of Intercontinental Exchange by 701.3% in the 3rd quarter. SpiderRock Advisors LLC now owns 17,556 shares of the financial services provider’s stock valued at $2,820,000 after buying an additional 15,365 shares during the period. Finally, Verdence Capital Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at about $247,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ICE. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. UBS Group lifted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Stock Up 0.4 %

ICE stock opened at $170.40 on Monday. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $175.41. The company has a market capitalization of $97.91 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The firm’s 50-day moving average is $159.46 and its two-hundred day moving average is $159.30. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.13%. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling

In related news, insider Christopher Scott Edmonds sold 6,834 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now directly owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Benjamin Jackson sold 7,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the sale, the president now owns 147,274 shares in the company, valued at $25,247,181.82. The trade was a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,268 shares of company stock worth $11,262,789 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.