Mn Services Vermogensbeheer B.V. Has $35.37 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mn Services Vermogensbeheer B.V. decreased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 220,200 shares of the financial services provider’s stock after selling 6,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Intercontinental Exchange were worth $35,373,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth about $25,000. International Assets Investment Management LLC acquired a new stake in shares of Intercontinental Exchange during the second quarter worth approximately $25,000. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC boosted its holdings in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 147 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Intercontinental Exchange during the 3rd quarter valued at $26,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE stock traded up $0.84 on Monday, reaching $155.48. The stock had a trading volume of 296,208 shares, compared to its average volume of 2,535,919. Intercontinental Exchange, Inc. has a 12 month low of $107.40 and a 12 month high of $167.99. The firm has a market capitalization of $89.27 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 2.35 and a beta of 1.08. The firm’s 50-day moving average is $161.98 and its two-hundred day moving average is $148.45. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

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

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, December 16th. Intercontinental Exchange’s payout ratio is 42.65%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ICE shares. Barclays decreased their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday. Bank of America boosted their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. TD Cowen initiated coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They set a “buy” rating and a $182.00 price target on the stock. Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Intercontinental Exchange from $169.00 to $160.00 and set a “hold” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $173.93.

Insider Activity at Intercontinental Exchange

In other news, CAO James W. Namkung sold 1,171 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the completion of the sale, the chief accounting officer now owns 16,665 shares in the company, valued at $2,666,400. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares in the company, valued at $2,284,875.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James W. Namkung sold 1,171 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $160.00, for a total transaction of $187,360.00. Following the completion of the sale, the chief accounting officer now directly owns 16,665 shares of the company’s stock, valued at $2,666,400. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,489 shares of company stock worth $1,202,259. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Profile

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.