Universal Beteiligungs und Servicegesellschaft mbH Purchases 37,584 Shares of Intercontinental Exchange Inc. $ICE

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 568,744 shares of the financial services provider’s stock after acquiring an additional 37,584 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Intercontinental Exchange were worth $92,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Holos Integrated Wealth LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Steph & Co. increased its position in Intercontinental Exchange by 104.7% during the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares in the last quarter. Dorato Capital Management acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $29,000. Private Wealth Management Group LLC increased its position in Intercontinental Exchange by 59.5% during the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 66 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in Intercontinental Exchange during the 3rd quarter worth approximately $32,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 4,571 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $162.00, for a total transaction of $740,502.00. Following the completion of the sale, the general counsel directly owned 48,181 shares in the company, valued at $7,805,322. This represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lynn C. Martin sold 13,456 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the sale, the insider owned 54,319 shares of the company’s stock, valued at approximately $8,357,521.34. This trade represents a 19.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 348,418 shares of company stock valued at $54,196,631 over the last 90 days. 0.84% of the stock is owned by company insiders.

Intercontinental Exchange Trading Down 1.1%

Shares of NYSE ICE opened at $158.81 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35. The firm has a 50 day moving average price of $159.54 and a two-hundred day moving average price of $160.09. The stock has a market cap of $89.95 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 1.67 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the company posted $1.52 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Intercontinental Exchange Inc. will post 8.06 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.52 per share. 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 is 36.05%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ICE. Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Barclays upped their price target on shares of Intercontinental Exchange from $193.00 to $198.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Raymond James Financial restated a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $180.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus target price of $193.80.

About Intercontinental Exchange

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.