Mirae Asset Global Investments Co. Ltd. Boosts Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Mirae Asset Global Investments Co. Ltd. increased its position in Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 23.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,906 shares of the financial services provider’s stock after buying an additional 14,992 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Intercontinental Exchange were worth $10,293,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. raised its position in Intercontinental Exchange by 5.6% during the first quarter. Benjamin Edwards Inc. now owns 1,703 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 90 shares in the last quarter. Leuthold Group LLC raised its position in Intercontinental Exchange by 0.3% during the first quarter. Leuthold Group LLC now owns 31,367 shares of the financial services provider’s stock valued at $4,144,000 after acquiring an additional 92 shares in the last quarter. Oak Asset Management LLC raised its position in Intercontinental Exchange by 0.5% during the first quarter. Oak Asset Management LLC now owns 20,176 shares of the financial services provider’s stock valued at $2,666,000 after acquiring an additional 95 shares in the last quarter. Glassman Wealth Services raised its position in Intercontinental Exchange by 11.8% during the fourth quarter. Glassman Wealth Services now owns 909 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 96 shares in the last quarter. Finally, Executive Wealth Management LLC raised its position in Intercontinental Exchange by 0.9% during the first quarter. Executive Wealth Management LLC now owns 10,861 shares of the financial services provider’s stock valued at $1,434,000 after acquiring an additional 96 shares in the last quarter. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,500 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $107.00, for a total transaction of $267,500.00. Following the transaction, the general counsel now owns 42,007 shares of the company’s stock, valued at $4,494,749. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,500 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $107.00, for a total transaction of $267,500.00. Following the transaction, the general counsel now owns 42,007 shares of the company’s stock, valued at $4,494,749. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $107.73, for a total value of $172,368.00. Following the transaction, the senior vice president now directly owns 22,402 shares in the company, valued at approximately $2,413,367.46. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $94.85 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50 day moving average price is $102.23 and its 200-day moving average price is $108.28. The firm has a market capitalization of $52.97 billion, a PE ratio of 16.25, a P/E/G ratio of 3.51 and a beta of 0.89. Intercontinental Exchange, Inc. has a 1 year low of $90.05 and a 1 year high of $139.79.

Intercontinental Exchange (NYSE:ICEGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.01. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Intercontinental Exchange had a return on equity of 13.52% and a net margin of 35.58%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 5.36 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, September 15th. Intercontinental Exchange’s dividend payout ratio is presently 25.46%.

Wall Street Analyst Weigh In

ICE has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on Intercontinental Exchange from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Raymond James reduced their price target on Intercontinental Exchange from $142.00 to $126.00 and set a “strong-buy” rating for the company in a research report on Wednesday, June 22nd. UBS Group cut their price objective on Intercontinental Exchange from $134.00 to $126.00 in a research report on Monday, July 11th. Atlantic Securities boosted their price objective on Intercontinental Exchange from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, August 19th. Finally, Argus cut their price objective on Intercontinental Exchange from $148.00 to $138.00 in a research report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.75.

Intercontinental Exchange Company Profile

(Get Rating)

Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

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

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