OMERS ADMINISTRATION Corp Acquires 4,043 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

OMERS ADMINISTRATION Corp lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 20.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,872 shares of the financial services provider’s stock after buying an additional 4,043 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Intercontinental Exchange were worth $3,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in Intercontinental Exchange in the fourth quarter worth $1,196,258,000. Kovitz Investment Group Partners LLC boosted its position in shares of Intercontinental Exchange by 423.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider’s stock worth $677,465,000 after purchasing an additional 3,678,384 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $406,728,000. Swedbank AB grew its stake in shares of Intercontinental Exchange by 2,293.3% in the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider’s stock valued at $330,171,000 after buying an additional 2,123,185 shares during the period. Finally, AMF Tjanstepension AB increased its position in Intercontinental Exchange by 1,237.7% in the 4th quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider’s stock valued at $253,591,000 after buying an additional 1,574,386 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $172.86 on Wednesday. The stock has a 50 day moving average of $167.03 and a 200 day moving average of $161.07. 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, Inc. has a 12 month low of $131.79 and a 12 month high of $179.44. The company has a market capitalization of $99.16 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. As a group, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.11%. Intercontinental Exchange’s payout ratio is 39.75%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Bank of America cut their price target on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley increased their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $185.93.

Insider Activity

In related news, Director Judith A. Sprieser sold 2,630 shares of the business’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the sale, the director now directly owns 21,364 shares in the company, valued at approximately $3,396,876. The trade was a 10.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $166.36, for a total value of $1,314,244.00. Following the sale, the president now directly owns 160,059 shares in the company, valued at $26,627,415.24. This trade represents a 4.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,368 shares of company stock valued at $7,077,789 in the last 90 days. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Company 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.