PFA Pension Forsikringsaktieselskab Makes New Investment in Intercontinental Exchange Inc. $ICE

PFA Pension Forsikringsaktieselskab bought a new position in shares of Intercontinental Exchange Inc. (NYSE:ICEFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 496,709 shares of the financial services provider’s stock, valued at approximately $81,043,000. PFA Pension Forsikringsaktieselskab owned approximately 0.09% of Intercontinental Exchange as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ICE. Ares Financial Consulting LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $25,000. Holos Integrated Wealth LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $28,000. Steph & Co. boosted its stake in shares of Intercontinental Exchange by 104.7% during the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 89 shares during the last quarter. Dorato Capital Management acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $29,000. Finally, Caitlin John LLC acquired a new stake in shares of Intercontinental Exchange during the third quarter valued at $32,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

More Intercontinental Exchange News

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Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays reaffirmed an “overweight” rating and set a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday. TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. UBS Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Monday, February 9th. Finally, Morgan Stanley increased their price objective on Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $194.10.

Check Out Our Latest Analysis on Intercontinental Exchange

Intercontinental Exchange Stock Performance

NYSE ICE opened at $155.04 on Friday. The business’s 50-day moving average price is $160.21 and its 200 day moving average price is $159.99. Intercontinental Exchange Inc. has a twelve month low of $143.17 and a twelve month high of $189.35. The company has a market capitalization of $87.82 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.64 and a beta of 0.96. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $1.72 EPS. On average, research analysts predict that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

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

Insider Buying and Selling

In other news, insider Christopher Scott Edmonds sold 11,303 shares of the firm’s 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. This trade represents a 44.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Benjamin Jackson sold 12,861 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $165.00, for a total value of $2,122,065.00. Following the completion of the transaction, the president owned 165,692 shares in the company, valued at approximately $27,339,180. This trade represents a 7.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 348,418 shares of company stock worth $54,196,631. Corporate insiders own 0.84% of the company’s stock.

About Intercontinental Exchange

(Free Report)

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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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