Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $6.31 Million Position in Intercontinental Exchange Inc (ICE)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 89,036 shares of the financial services provider’s stock after buying an additional 1,526 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Intercontinental Exchange were worth $6,314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. IHT Wealth Management LLC lifted its holdings in Intercontinental Exchange by 10.8% in the 2nd quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock worth $101,000 after buying an additional 18 shares during the period. Advisory Services Network LLC lifted its stake in shares of Intercontinental Exchange by 0.5% in the 2nd quarter. Advisory Services Network LLC now owns 15,419 shares of the financial services provider’s stock valued at $1,016,000 after purchasing an additional 76 shares during the period. Gofen & Glossberg LLC IL lifted its stake in shares of Intercontinental Exchange by 0.4% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 96,030 shares of the financial services provider’s stock valued at $6,330,000 after purchasing an additional 426 shares during the period. Bank of Nova Scotia lifted its stake in shares of Intercontinental Exchange by 2.4% in the 2nd quarter. Bank of Nova Scotia now owns 30,186 shares of the financial services provider’s stock valued at $1,990,000 after purchasing an additional 710 shares during the period. Finally, MAI Capital Management lifted its stake in shares of Intercontinental Exchange by 1.8% in the 4th quarter. MAI Capital Management now owns 44,903 shares of the financial services provider’s stock valued at $3,168,000 after purchasing an additional 783 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Intercontinental Exchange Inc (ICE) traded up $0.63 during mid-day trading on Thursday, reaching $71.70. The company had a trading volume of 1,372,817 shares, compared to its average volume of 2,860,496. The company has a market cap of $41,920.00, a price-to-earnings ratio of 16.90, a PEG ratio of 2.44 and a beta of 0.63. Intercontinental Exchange Inc has a one year low of $56.97 and a one year high of $76.14. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Intercontinental Exchange had a return on equity of 10.83% and a net margin of 43.09%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. equities research analysts predict that Intercontinental Exchange Inc will post 3.54 earnings per share for the current year.

Intercontinental Exchange announced that its Board of Directors has approved a stock buyback program on Thursday, November 2nd that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Wednesday, September 12th. Intercontinental Exchange’s payout ratio is 18.87%.

In related news, insider Dean S. Mathison sold 1,042 shares of Intercontinental Exchange stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $75.79, for a total value of $78,973.18. Following the completion of the sale, the insider now owns 12,485 shares of the company’s stock, valued at $946,238.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott A. Hill sold 14,772 shares of Intercontinental Exchange stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $75.00, for a total value of $1,107,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 48,910 shares of company stock valued at $3,579,672. Corporate insiders own 1.50% of the company’s stock.

A number of research analysts have recently commented on ICE shares. Argus raised their target price on Intercontinental Exchange from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Wednesday, January 3rd. UBS Group raised their target price on Intercontinental Exchange from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Citigroup raised their target price on Intercontinental Exchange from $75.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Berenberg Bank started coverage on Intercontinental Exchange in a research note on Thursday, January 25th. They issued a “buy” rating and a $90.00 target price for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $76.08.

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Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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