Public Sector Pension Investment Board Has $20.80 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Public Sector Pension Investment Board grew its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,450 shares of the financial services provider’s stock after purchasing an additional 5,359 shares during the quarter. Public Sector Pension Investment Board’s holdings in Intercontinental Exchange were worth $20,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ICE. Vanguard Group Inc. increased its holdings in Intercontinental Exchange by 1.4% during the second quarter. Vanguard Group Inc. now owns 53,685,491 shares of the financial services provider’s stock worth $9,849,677,000 after buying an additional 745,135 shares during the last quarter. Geode Capital Management LLC lifted its stake in Intercontinental Exchange by 1.2% in the second quarter. Geode Capital Management LLC now owns 12,438,154 shares of the financial services provider’s stock valued at $2,270,657,000 after acquiring an additional 145,961 shares during the last quarter. Norges Bank bought a new position in shares of Intercontinental Exchange in the 2nd quarter valued at about $1,542,780,000. Sands Capital Management LLC increased its stake in shares of Intercontinental Exchange by 97.3% during the 2nd quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock worth $974,783,000 after purchasing an additional 2,620,310 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Intercontinental Exchange by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 3,510,634 shares of the financial services provider’s stock valued at $644,096,000 after purchasing an additional 137,685 shares during the period. Institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays set a $193.00 price target on Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, February 6th. JPMorgan Chase & Co. cut their price objective on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a $180.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the company an “equal weight” rating in a report on Tuesday. One 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, the stock presently has a consensus rating of “Buy” and a consensus target price of $195.40.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $152.31 on Friday. The stock has a 50 day simple moving average of $165.24 and a 200 day simple moving average of $165.65. The stock has a market cap of $86.50 billion, a P/E ratio of 26.40, a PEG ratio of 1.56 and a beta of 1.02. 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.

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

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 33.28%.

Insiders Place Their Bets

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,345 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $156.67, for a total value of $837,401.15. Following the completion of the sale, the chief technology officer owned 65,240 shares of the company’s stock, valued at $10,221,150.80. The trade was a 7.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Benjamin Jackson sold 12,861 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the transaction, the president directly owned 165,692 shares in the company, valued at $27,339,180. This represents a 7.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 181,570 shares of company stock worth $28,077,452. 1.00% of the stock is currently owned by insiders.

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.