Oregon Public Employees Retirement Fund Buys 130 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Oregon Public Employees Retirement Fund lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.3% during the fourth quarter, Holdings Channel reports. The fund owned 49,225 shares of the financial services provider’s stock after acquiring an additional 130 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Intercontinental Exchange were worth $7,335,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Quintet Private Bank Europe S.A. increased its position in Intercontinental Exchange by 13.8% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock worth $82,000 after buying an additional 62 shares during the period. Integrated Advisors Network LLC increased its position in Intercontinental Exchange by 4.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after buying an additional 66 shares during the period. Strategic Advisors LLC increased its position in Intercontinental Exchange by 5.1% in the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock worth $201,000 after buying an additional 66 shares during the period. Commons Capital LLC increased its position in Intercontinental Exchange by 1.2% in the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock worth $886,000 after buying an additional 69 shares during the period. Finally, Catalyst Capital Advisors LLC increased its position in Intercontinental Exchange by 6.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider’s stock worth $192,000 after buying an additional 70 shares during the period. 89.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 17,104 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the sale, the president now directly owns 155,174 shares of the company’s stock, valued at $25,855,091.88. The trade was a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 6,834 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the sale, the insider now directly owns 17,972 shares of the company’s stock, valued at approximately $3,001,144.28. This trade represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,368 shares of company stock worth $9,908,492 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $170.74 on Thursday. The firm has a market cap of $98.10 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $172.63. 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 company’s 50-day moving average price is $156.50 and its two-hundred day moving average price is $158.54.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.12%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

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.