Penserra Capital Management LLC increased its position in Intercontinental Exchange Inc (NYSE:ICE) by 75.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,400 shares of the financial services provider’s stock after buying an additional 1,035 shares during the period. Penserra Capital Management LLC’s holdings in Intercontinental Exchange were worth $169,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ICE. Janus Henderson Group PLC raised its position in shares of Intercontinental Exchange by 14.6% in the third quarter. Janus Henderson Group PLC now owns 10,373,823 shares of the financial services provider’s stock valued at $712,683,000 after buying an additional 1,325,290 shares during the last quarter. Capital International Investors raised its position in shares of Intercontinental Exchange by 15.6% in the third quarter. Capital International Investors now owns 8,723,353 shares of the financial services provider’s stock valued at $599,294,000 after buying an additional 1,176,185 shares during the last quarter. Egerton Capital UK LLP acquired a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $47,128,000. Alyeska Investment Group L.P. raised its position in shares of Intercontinental Exchange by 240.6% in the third quarter. Alyeska Investment Group L.P. now owns 598,641 shares of the financial services provider’s stock valued at $41,127,000 after buying an additional 422,899 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. acquired a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $27,705,000. 90.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Inc (ICE) opened at $71.07 on Thursday. Intercontinental Exchange Inc has a 52-week low of $56.97 and a 52-week high of $76.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $40,248.18, a P/E ratio of 16.76, a P/E/G ratio of 2.44 and a beta of 0.66.

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

Intercontinental Exchange announced that its board has initiated a stock repurchase program on Thursday, November 2nd that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the financial services provider to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $0.96 annualized dividend and a yield of 1.35%. Intercontinental Exchange’s dividend payout ratio is currently 18.87%.

In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $71.93, for a total transaction of $539,475.00. Following the completion of the sale, the insider now directly owns 377,471 shares in the company, valued at $27,151,489.03. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Scott A. Hill sold 14,772 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $75.00, for a total transaction of $1,107,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,910 shares of company stock valued at $3,579,672. 1.50% of the stock is owned by insiders.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Wednesday, January 3rd. Berenberg Bank started coverage on shares of Intercontinental Exchange in a research report on Thursday, January 25th. They issued a “buy” rating and a $90.00 price objective for the company. Citigroup upped their price target on shares of Intercontinental Exchange from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. UBS Group upped their price target on shares of Intercontinental Exchange from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Argus upped their price target on shares of Intercontinental Exchange from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Intercontinental Exchange currently has a consensus rating of “Buy” and an average target price of $76.08.

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About Intercontinental Exchange

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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