Royal London Asset Management Ltd. Purchases 13,235 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Royal London Asset Management Ltd. lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 250,169 shares of the financial services provider’s stock after purchasing an additional 13,235 shares during the period. Royal London Asset Management Ltd.’s holdings in Intercontinental Exchange were worth $27,525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICE. RB Capital Management LLC grew its holdings in shares of Intercontinental Exchange by 3.2% during the first quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 126 shares during the last quarter. United Bank grew its holdings in shares of Intercontinental Exchange by 2.7% during the first quarter. United Bank now owns 15,988 shares of the financial services provider’s stock worth $2,112,000 after purchasing an additional 422 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in Intercontinental Exchange by 13.5% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 220 shares during the last quarter. Sei Investments Co. boosted its holdings in Intercontinental Exchange by 31.5% in the first quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock valued at $27,077,000 after acquiring an additional 49,081 shares during the last quarter. Finally, Prudential PLC bought a new stake in Intercontinental Exchange in the first quarter valued at approximately $1,679,000. 87.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $120.00, for a total value of $140,520.00. Following the completion of the transaction, the chief accounting officer now owns 18,677 shares in the company, valued at approximately $2,241,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO James W. Namkung sold 1,171 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $120.00, for a total transaction of $140,520.00. Following the completion of the transaction, the chief accounting officer now owns 18,677 shares in the company, valued at approximately $2,241,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $0.87 per share, with a total value of $2,402,947.83. Following the purchase, the insider now directly owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The disclosure for this purchase can be found here. Insiders sold 159,554 shares of company stock worth $21,000,983 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Trading Down 0.4 %

NYSE ICE opened at $138.85 on Friday. The firm has a market capitalization of $79.51 billion, a P/E ratio of 33.06, a PEG ratio of 2.50 and a beta of 1.02. The business has a fifty day simple moving average of $131.49 and a 200 day simple moving average of $119.87. Intercontinental Exchange, Inc. has a 12 month low of $94.16 and a 12 month high of $140.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. Intercontinental Exchange’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 EPS. On average, analysts predict that Intercontinental Exchange, Inc. will post 5.91 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s dividend payout ratio is 40.00%.

Analyst Ratings Changes

ICE has been the topic of several analyst reports. 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. UBS Group upped their target price on Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, February 12th. Citigroup upped their target price on Intercontinental Exchange from $146.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Rosenblatt Securities boosted their price target on Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Barclays boosted their price target on Intercontinental Exchange from $148.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $145.83.

View Our Latest Report on Intercontinental Exchange

About Intercontinental Exchange

(Free Report)

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.

See Also

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

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