Swedbank AB Purchases 1,064,967 Shares of Intercontinental Exchange Inc. $ICE

Swedbank AB grew its position in Intercontinental Exchange Inc. (NYSE:ICE) by 43.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,527,115 shares of the financial services provider’s stock after buying an additional 1,064,967 shares during the period. Swedbank AB’s holdings in Intercontinental Exchange were worth $571,252,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ICE. Wellington Management Group LLP boosted its holdings in shares of Intercontinental Exchange by 64.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock valued at $1,744,480,000 after buying an additional 4,067,922 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of Intercontinental Exchange by 179.1% in the 3rd quarter. Mawer Investment Management Ltd. now owns 2,472,366 shares of the financial services provider’s stock valued at $416,544,000 after buying an additional 1,586,620 shares in the last quarter. Waverton Investment Management Ltd boosted its holdings in shares of Intercontinental Exchange by 28,886.8% in the 3rd quarter. Waverton Investment Management Ltd now owns 1,526,734 shares of the financial services provider’s stock valued at $257,163,000 after buying an additional 1,521,467 shares in the last quarter. Capital World Investors grew its stake in shares of Intercontinental Exchange by 15.2% during the third quarter. Capital World Investors now owns 7,028,964 shares of the financial services provider’s stock worth $1,184,238,000 after acquiring an additional 928,047 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Intercontinental Exchange by 11.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,552,700 shares of the financial services provider’s stock valued at $888,376,000 after acquiring an additional 585,629 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Lynn C. Martin sold 13,456 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the transaction, the insider owned 54,319 shares in the company, valued at $8,357,521.34. This trade represents a 19.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 11,303 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $153.82, for a total value of $1,738,627.46. Following the completion of the transaction, the insider owned 14,266 shares in the company, valued at $2,194,396.12. The trade was a 44.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 348,418 shares of company stock worth $54,196,631. Corporate insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a report on Friday, March 6th. Keefe, Bruyette & Woods assumed coverage on shares of Intercontinental Exchange in a report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price objective on the stock. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Royal Bank Of Canada restated an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Finally, TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Buy” and an average price target of $194.10.

Intercontinental Exchange Trading Down 0.7%

Intercontinental Exchange stock opened at $155.32 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The stock’s 50 day simple moving average is $160.24 and its two-hundred day simple moving average is $159.99. The firm has a market cap of $87.83 billion, a PE ratio of 22.61, a P/E/G ratio of 1.54 and a beta of 0.96.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the firm posted $1.72 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Analysts anticipate that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 30.28%.

Intercontinental Exchange Company Profile

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.