E Fund Management Co. Ltd. Takes $214,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

E Fund Management Co. Ltd. bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,439 shares of the financial services provider’s stock, valued at approximately $214,000.

A number of other institutional investors have also modified their holdings of ICE. Candriam S.C.A. increased its stake in Intercontinental Exchange by 30.7% in the fourth quarter. Candriam S.C.A. now owns 243,526 shares of the financial services provider’s stock valued at $36,288,000 after purchasing an additional 57,260 shares during the period. Vestmark Advisory Solutions Inc. grew its holdings in shares of Intercontinental Exchange by 29.4% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 8,020 shares of the financial services provider’s stock worth $1,195,000 after buying an additional 1,821 shares during the last quarter. Carmel Capital Partners LLC increased its position in Intercontinental Exchange by 1.2% in the 4th quarter. Carmel Capital Partners LLC now owns 10,337 shares of the financial services provider’s stock valued at $1,540,000 after acquiring an additional 125 shares during the period. Raymond James Financial Inc. purchased a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $406,728,000. Finally, Promus Capital LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $753,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Barclays boosted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods boosted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $170.40 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $97.91 billion, a PE ratio of 35.65, a P/E/G ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.41. The stock has a fifty day moving average price of $159.46 and a 200 day moving average price of $159.30.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.13%. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Insider Transactions at Intercontinental Exchange

In related news, COO Stuart Glen Williams sold 750 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now directly owns 155,174 shares of the company’s stock, valued at $25,855,091.88. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,268 shares of company stock valued at $11,262,789 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.