Stone Ridge Asset Management LLC purchased a new position in shares of Intercontinental Exchange Inc (NYSE:ICE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 59,500 shares of the financial services provider’s stock, valued at approximately $4,198,000.
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Intercontinental Exchange by 6.0% during the 4th quarter. BlackRock Inc. now owns 37,271,704 shares of the financial services provider’s stock worth $2,629,892,000 after acquiring an additional 2,104,818 shares during the last quarter. Janus Henderson Group PLC boosted its position in Intercontinental Exchange by 14.6% during the 3rd quarter. Janus Henderson Group PLC now owns 10,373,823 shares of the financial services provider’s stock worth $712,683,000 after acquiring an additional 1,325,290 shares during the last quarter. Capital International Investors boosted its position in Intercontinental Exchange by 15.6% during the 3rd quarter. Capital International Investors now owns 8,723,353 shares of the financial services provider’s stock worth $599,294,000 after acquiring an additional 1,176,185 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Intercontinental Exchange by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 7,249,668 shares of the financial services provider’s stock worth $511,534,000 after acquiring an additional 157,093 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its position in Intercontinental Exchange by 1.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 6,256,044 shares of the financial services provider’s stock worth $441,426,000 after acquiring an additional 113,143 shares during the last quarter. 89.72% of the stock is owned by hedge funds and other institutional investors.
In other Intercontinental Exchange news, President Benjamin Jackson sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $72.75, for a total transaction of $181,875.00. Following the completion of the sale, the president now owns 64,154 shares of the company’s stock, valued at approximately $4,667,203.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dean S. Mathison sold 2,570 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $69.77, for a total value of $179,308.90. The disclosure for this sale can be found here. Insiders have sold a total of 186,201 shares of company stock valued at $13,690,343 in the last ninety days. Insiders own 1.50% of the company’s stock.
Shares of Intercontinental Exchange Inc (ICE) opened at $75.73 on Friday. The company has a market capitalization of $44,097.13, a P/E ratio of 17.86, a PEG ratio of 2.66 and a beta of 0.65. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. Intercontinental Exchange Inc has a twelve month low of $57.91 and a twelve month high of $76.14.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. Intercontinental Exchange had a return on equity of 10.83% and a net margin of 43.09%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. analysts forecast that Intercontinental Exchange Inc will post 3.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.27%. The ex-dividend date is Wednesday, September 12th. Intercontinental Exchange’s dividend payout ratio is 18.87%.
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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.
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