Livforsakringsbolaget Skandia Omsesidigt Raises Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 81.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,257 shares of the financial services provider’s stock after purchasing an additional 566 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Intercontinental Exchange were worth $161,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Jefferies Financial Group Inc. boosted its stake in shares of Intercontinental Exchange by 3.8% during the second quarter. Jefferies Financial Group Inc. now owns 2,432 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 88 shares during the period. Vinva Investment Management Ltd boosted its stake in shares of Intercontinental Exchange by 0.6% during the third quarter. Vinva Investment Management Ltd now owns 16,736 shares of the financial services provider’s stock valued at $1,855,000 after purchasing an additional 93 shares during the period. Timber Creek Capital Management LLC raised its holdings in shares of Intercontinental Exchange by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 34,466 shares of the financial services provider’s stock valued at $4,426,000 after acquiring an additional 94 shares in the last quarter. Vestcor Inc raised its holdings in shares of Intercontinental Exchange by 0.5% during the fourth quarter. Vestcor Inc now owns 17,924 shares of the financial services provider’s stock valued at $1,839,000 after acquiring an additional 94 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its holdings in shares of Intercontinental Exchange by 4.8% during the third quarter. HBK Sorce Advisory LLC now owns 2,116 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Raymond James upped their target price on Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, January 5th. Rosenblatt Securities upped their target price on Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a report on Friday, February 9th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $152.00 target price on shares of Intercontinental Exchange in a report on Thursday, April 4th. UBS Group increased their price objective on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Morgan Stanley increased their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.08.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $130.98 on Friday. Intercontinental Exchange, Inc. has a 1-year low of $103.81 and a 1-year high of $140.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average price of $136.36 and a 200-day moving average price of $124.27. The company has a market capitalization of $75.00 billion, a PE ratio of 31.19, a PEG ratio of 2.07 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the company earned $1.25 earnings per share. The company’s revenue was up 24.5% on a year-over-year basis. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 5.98 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.86%.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the transaction, the insider now directly owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intercontinental Exchange news, insider Elizabeth Kathryn King sold 3,783 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $499,469.49. Following the transaction, the insider now directly owns 17,242 shares of the company’s stock, valued at $2,276,461.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the company’s stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the transaction, the insider now directly owns 7,476,345 shares of the company’s stock, valued at approximately $6,504,420.15. The disclosure for this purchase can be found here. Insiders have sold 157,491 shares of company stock valued at $21,454,204 over the last ninety days. Insiders own 1.10% 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.