APG Asset Management N.V. Has $66.32 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

APG Asset Management N.V. boosted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 393,636 shares of the financial services provider’s stock after buying an additional 3,100 shares during the quarter. APG Asset Management N.V. owned approximately 0.07% of Intercontinental Exchange worth $66,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ICE. Westside Investment Management Inc. acquired a new stake in Intercontinental Exchange during the second quarter valued at $29,000. Knuff & Co LLC lifted its holdings in shares of Intercontinental Exchange by 73.3% during the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after buying an additional 74 shares during the last quarter. Private Wealth Management Group LLC grew its stake in shares of Intercontinental Exchange by 59.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after buying an additional 66 shares in the last quarter. Caitlin John LLC bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $32,000. Finally, Capital A Wealth Management LLC increased its holdings in Intercontinental Exchange by 26,000.0% in the second quarter. Capital A Wealth Management LLC now owns 261 shares of the financial services provider’s stock worth $48,000 after buying an additional 260 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President Benjamin Jackson sold 3,865 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.73, for a total transaction of $594,166.45. Following the transaction, the president owned 165,304 shares in the company, valued at approximately $25,412,183.92. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $154.00, for a total value of $383,460.00. Following the sale, the chief financial officer directly owned 27,679 shares in the company, valued at approximately $4,262,566. This trade represents a 8.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 354,492 shares of company stock valued at $55,139,102 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ICE has been the subject of a number of analyst reports. Barclays set a $193.00 target price on shares of Intercontinental Exchange and gave the company an “overweight” rating in a research note on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $180.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Buy” and a consensus target price of $195.40.

Intercontinental Exchange Trading Up 0.7%

Shares of NYSE:ICE opened at $164.05 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50-day moving average is $164.47 and its 200-day moving average is $163.31. The company has a market cap of $93.17 billion, a P/E ratio of 28.43, a P/E/G ratio of 1.71 and a beta of 1.04. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 EPS. Equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 33.28%.

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.