Robeco Institutional Asset Management B.V. Decreases Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Robeco Institutional Asset Management B.V. lessened its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 308,747 shares of the financial services provider’s stock after selling 1,811 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.05% of Intercontinental Exchange worth $49,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ICE. Vanguard Group Inc. increased its stake in shares of Intercontinental Exchange by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock worth $6,978,218,000 after acquiring an additional 3,536,913 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Intercontinental Exchange by 4.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,280,194 shares of the financial services provider’s stock worth $725,657,000 after purchasing an additional 218,516 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in Intercontinental Exchange by 0.6% in the 1st quarter. Mawer Investment Management Ltd. now owns 4,696,457 shares of the financial services provider’s stock valued at $645,434,000 after purchasing an additional 28,771 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Intercontinental Exchange by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 4,453,286 shares of the financial services provider’s stock valued at $609,609,000 after buying an additional 191,763 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in shares of Intercontinental Exchange by 10.4% during the 2nd quarter. Clearbridge Investments LLC now owns 3,019,195 shares of the financial services provider’s stock worth $413,298,000 after buying an additional 284,664 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $154.49 on Tuesday. The stock has a market cap of $88.70 billion, a P/E ratio of 36.61, a price-to-earnings-growth ratio of 2.35 and a beta of 1.08. The company has a fifty day simple moving average of $161.86 and a 200-day simple moving average of $148.61. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a 12-month low of $107.40 and a 12-month high of $167.99.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 EPS. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.13 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. Intercontinental Exchange’s dividend payout ratio is presently 42.65%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ICE shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $173.93.

Insider Activity

In related news, Director Martha A. Tirinnanzi sold 509 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the completion of the sale, the director now owns 3,958 shares in the company, valued at $629,242.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total transaction of $80,920.82. Following the transaction, the director now owns 3,958 shares in the company, valued at approximately $629,242.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,489 shares of company stock worth $1,202,259. Corporate insiders own 1.10% of the company’s stock.

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.