APG Asset Management N.V. Purchases 3,100 Shares of Intercontinental Exchange Inc. $ICE

APG Asset Management N.V. grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. 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.’s holdings in Intercontinental Exchange were worth $66,320,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 1,169 shares during the period. Empowered Funds LLC boosted its stake in Intercontinental Exchange by 9.0% in the 1st quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock valued at $2,483,000 after buying an additional 1,189 shares in the last quarter. Sivia Capital Partners LLC grew its position in Intercontinental Exchange by 16.2% in the second quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 289 shares during the period. Arkadios Wealth Advisors bought a new stake in Intercontinental Exchange in the second quarter valued at $313,000. Finally, Assetmark Inc. raised its stake in Intercontinental Exchange by 1.1% during the second quarter. Assetmark Inc. now owns 24,111 shares of the financial services provider’s stock worth $4,424,000 after acquiring an additional 262 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 15,213 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total value of $2,358,319.26. Following the transaction, the chief technology officer directly owned 64,869 shares in the company, valued at $10,055,992.38. This trade represents a 19.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Warren Gardiner sold 2,490 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $154.00, for a total value of $383,460.00. Following the completion of the sale, the chief financial officer owned 27,679 shares of the company’s stock, valued at $4,262,566. This represents a 8.25% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 354,492 shares of company stock worth $55,139,102. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $164.05 on Monday. The stock has a market capitalization 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 1-year low of $143.17 and a 1-year high of $189.35. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $164.47 and a two-hundred day moving average price of $163.31.

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

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s payout ratio is currently 33.28%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Barclays set a $193.00 price target on shares of Intercontinental Exchange and gave the company an “overweight” rating in a research report on Friday, February 6th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $180.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Finally, TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $195.40.

Intercontinental Exchange Company 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.