Intercontinental Exchange Inc. $ICE Stock Position Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,552,700 shares of the financial services provider’s stock after purchasing an additional 585,629 shares during the period. Intercontinental Exchange makes up approximately 0.6% of Mitsubishi UFJ Asset Management Co. Ltd.’s holdings, making the stock its 23rd biggest position. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.97% of Intercontinental Exchange worth $888,376,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP increased its stake in Intercontinental Exchange by 64.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock worth $1,744,480,000 after purchasing an additional 4,067,922 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of Intercontinental Exchange by 179.1% in the third quarter. Mawer Investment Management Ltd. now owns 2,472,366 shares of the financial services provider’s stock worth $416,544,000 after buying an additional 1,586,620 shares during the period. Waverton Investment Management Ltd boosted its holdings in shares of Intercontinental Exchange by 28,886.8% in the third quarter. Waverton Investment Management Ltd now owns 1,526,734 shares of the financial services provider’s stock worth $257,163,000 after buying an additional 1,521,467 shares during the period. Capital World Investors increased its position in shares of Intercontinental Exchange by 15.2% in the third quarter. Capital World Investors now owns 7,028,964 shares of the financial services provider’s stock worth $1,184,238,000 after acquiring an additional 928,047 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Intercontinental Exchange by 29.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,439,436 shares of the financial services provider’s stock worth $410,978,000 after acquiring an additional 553,486 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO Mayur Kapani sold 15,213 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total transaction of $2,358,319.26. Following the sale, the chief technology officer owned 64,869 shares in the company, valued at approximately $10,055,992.38. This represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 11,303 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.82, for a total value of $1,738,627.46. Following the completion of the transaction, the insider directly owned 14,266 shares of the company’s stock, valued at $2,194,396.12. This represents a 44.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 348,418 shares of company stock valued at $54,196,631. Insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $155.32 on Wednesday. Intercontinental Exchange Inc. has a fifty-two week low of $143.17 and a fifty-two week high of $189.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average price is $160.24 and its two-hundred day moving average price is $159.99. The stock has a market capitalization of $87.83 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.54 and a beta of 0.96.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the company posted $1.72 EPS. As a group, analysts predict that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be given a $0.52 dividend. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 annualized dividend and a yield of 1.3%. Intercontinental Exchange’s payout ratio is presently 30.28%.

Analyst Ratings Changes

ICE has been the subject of several research analyst reports. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Barclays reissued an “overweight” rating and set a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday. Raymond James Financial restated a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Keefe, Bruyette & Woods assumed coverage on Intercontinental Exchange in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 target price for the company. Finally, Weiss Ratings downgraded Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $194.10.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.