Mn Services Vermogensbeheer B.V. Purchases 6,800 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Mn Services Vermogensbeheer B.V. increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,000 shares of the financial services provider’s stock after purchasing an additional 6,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Intercontinental Exchange were worth $33,825,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Intercontinental Exchange during the fourth quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange during the third quarter worth about $29,000. FSA Wealth Management LLC acquired a new position in Intercontinental Exchange during the third quarter worth about $31,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange during the fourth quarter worth about $40,000. Finally, Planning Capital Management Corp raised its stake in Intercontinental Exchange by 96.7% during the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In related news, COO Stuart Glen Williams sold 750 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Benjamin Jackson sold 17,104 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the transaction, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,368 shares of company stock worth $9,908,492. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $170.74 on Thursday. The company has a market capitalization of $98.10 billion, a PE ratio of 35.72, a P/E/G ratio of 2.10 and a beta of 1.11. The company has a 50 day simple moving average of $156.50 and a two-hundred day simple moving average of $158.54. 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 fifty-two week low of $124.34 and a fifty-two week high of $172.63.

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 analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on ICE shares. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods boosted their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. UBS Group boosted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays upped their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.80.

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.