Fjarde AP Fonden Fourth Swedish National Pension Fund Has $15.69 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,306 shares of the financial services provider’s stock after acquiring an additional 4,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Intercontinental Exchange were worth $15,692,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MONECO Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $264,000. Howard Capital Management Inc. raised its holdings in Intercontinental Exchange by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 3,511 shares of the financial services provider’s stock worth $523,000 after buying an additional 180 shares during the period. Wealthspire Advisors LLC lifted its stake in Intercontinental Exchange by 12.7% in the fourth quarter. Wealthspire Advisors LLC now owns 2,756 shares of the financial services provider’s stock valued at $411,000 after buying an additional 311 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of Intercontinental Exchange by 4.3% in the fourth quarter. Sigma Planning Corp now owns 3,452 shares of the financial services provider’s stock valued at $514,000 after buying an additional 142 shares during the period. Finally, Callan Capital LLC boosted its holdings in shares of Intercontinental Exchange by 5.2% in the fourth quarter. Callan Capital LLC now owns 1,594 shares of the financial services provider’s stock valued at $238,000 after buying an additional 79 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. UBS Group boosted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays lifted their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Trading Up 0.7 %

Shares of Intercontinental Exchange stock opened at $168.04 on Monday. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $169.78. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $155.42 and its 200-day moving average is $158.23. The stock has a market cap of $96.55 billion, a P/E ratio of 35.15, a P/E/G ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Equities research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.14%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 37.66%.

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,368 shares of company stock worth $9,908,492. Insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

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.