Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) by 23.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,906 shares of the financial services provider’s stock after buying an additional 14,992 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Intercontinental Exchange were worth $10,293,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of ICE. BlackRock Inc. raised its holdings in shares of Intercontinental Exchange by 13.0% during the 4th quarter. BlackRock Inc. now owns 46,929,022 shares of the financial services provider’s stock valued at $6,418,482,000 after buying an additional 5,408,445 shares in the last quarter. Norges Bank purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $690,223,000. Parnassus Investments LLC purchased a new position in shares of Intercontinental Exchange during the 1st quarter valued at about $515,807,000. Invesco Ltd. raised its holdings in shares of Intercontinental Exchange by 30.1% during the 1st quarter. Invesco Ltd. now owns 6,986,826 shares of the financial services provider’s stock valued at $923,099,000 after buying an additional 1,618,497 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Intercontinental Exchange by 59.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,275,418 shares of the financial services provider’s stock worth $564,869,000 after acquiring an additional 1,589,999 shares during the last quarter. 87.00% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Intercontinental Exchange
In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,500 shares of Intercontinental Exchange stock in a transaction on Friday, August 26th. The stock was sold at an average price of $107.00, for a total transaction of $267,500.00. Following the completion of the transaction, the general counsel now owns 42,007 shares in the company, valued at $4,494,749. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $107.73, for a total value of $172,368.00. Following the completion of the transaction, the senior vice president now owns 22,402 shares in the company, valued at $2,413,367.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,500 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $107.00, for a total value of $267,500.00. Following the completion of the transaction, the general counsel now owns 42,007 shares of the company’s stock, valued at approximately $4,494,749. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Intercontinental Exchange Trading Down 2.2 %
Intercontinental Exchange (NYSE:ICE – Get Rating) last released its earnings results on Thursday, August 4th. The financial services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.01. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Intercontinental Exchange had a return on equity of 13.52% and a net margin of 35.58%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. Equities research analysts predict that Intercontinental Exchange, Inc. will post 5.36 earnings per share for the current fiscal year.
Intercontinental Exchange Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Thursday, September 15th. Intercontinental Exchange’s payout ratio is 25.46%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Rosenblatt Securities assumed coverage on Intercontinental Exchange in a research report on Tuesday, August 16th. They set a “buy” rating and a $164.00 price target on the stock. Argus reduced their price target on Intercontinental Exchange from $148.00 to $138.00 in a research report on Wednesday, June 1st. UBS Group reduced their price target on Intercontinental Exchange from $134.00 to $126.00 in a research report on Monday, July 11th. Atlantic Securities raised their price target on Intercontinental Exchange from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Finally, Raymond James cut their price objective on Intercontinental Exchange from $142.00 to $126.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.75.
Intercontinental Exchange Profile
Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.
- Get a free copy of the StockNews.com research report on Intercontinental Exchange (ICE)
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