Tokio Marine Asset Management Co. Ltd. Has $2.52 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,667 shares of the financial services provider’s stock after acquiring an additional 1,346 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Intercontinental Exchange were worth $2,517,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ICE. Quintet Private Bank Europe S.A. raised its holdings in Intercontinental Exchange by 13.8% during the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock worth $82,000 after buying an additional 62 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in Intercontinental Exchange by 26.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 63 shares during the period. Integrated Advisors Network LLC grew its position in Intercontinental Exchange by 4.0% during the third quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock valued at $275,000 after buying an additional 66 shares during the period. American National Bank increased its stake in shares of Intercontinental Exchange by 13.8% during the 2nd quarter. American National Bank now owns 569 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 69 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in Intercontinental Exchange by 6.2% in the third quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider’s stock worth $192,000 after buying an additional 70 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Christopher Scott Edmonds sold 602 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the sale, the insider now owns 14,034 shares of the company’s stock, valued at $2,284,875.54. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO James W. Namkung sold 1,171 shares of the stock in a transaction on 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 transaction, the chief accounting officer now directly owns 16,665 shares in the company, valued at $2,666,400. This trade represents a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ICE. Morgan Stanley raised their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Barclays lowered their price target on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group upped their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $174.13.

Intercontinental Exchange Stock Up 0.4 %

NYSE:ICE opened at $156.48 on Friday. The stock has a market capitalization of $89.85 billion, a P/E ratio of 37.08, a P/E/G ratio of 2.57 and a beta of 1.08. Intercontinental Exchange, Inc. has a fifty-two week low of $110.11 and a fifty-two week high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50-day simple moving average is $161.20 and its 200-day simple moving average is $149.70.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Monday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.65%.

About Intercontinental Exchange

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.