Allianz SE Buys Shares of 1,610 Intercontinental Exchange, Inc. (NYSE:ICE)

Allianz SE purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,610 shares of the financial services provider’s stock, valued at approximately $240,000.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at about $25,000. FSA Wealth Management LLC bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $34,000. BankPlus Trust Department bought a new stake in Intercontinental Exchange during the fourth quarter worth approximately $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Intercontinental Exchange during the fourth quarter worth approximately $45,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ICE. Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. UBS Group lifted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their target price 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. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Trading Down 1.3 %

NYSE ICE opened at $172.51 on Tuesday. The firm’s 50 day moving average price is $167.59 and its two-hundred day moving average price is $160.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. The stock has a market cap of $99.12 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued 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 dividend yield of 1.11%. Intercontinental Exchange’s dividend payout ratio is 40.17%.

Insider Transactions at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lynn C. Martin sold 4,155 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.60, for a total value of $688,068.00. Following the completion of the transaction, the insider now owns 57,376 shares in the company, valued at $9,501,465.60. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,563 shares of company stock valued at $10,998,990 over the last three months. 1.10% of the stock is owned by corporate insiders.

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.