Van Lanschot Kempen Investment Management N.V. Has $16.42 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Van Lanschot Kempen Investment Management N.V. cut its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,204 shares of the financial services provider’s stock after selling 3,713 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Intercontinental Exchange were worth $16,421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Intercontinental Exchange in the fourth quarter worth $25,000. Redwood Park Advisors LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $33,000. Lee Danner & Bass Inc. acquired a new stake in Intercontinental Exchange in the 4th quarter worth approximately $34,000. BankPlus Trust Department bought a new stake in Intercontinental Exchange during the fourth quarter worth approximately $40,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 2.3 %

Shares of ICE stock opened at $155.07 on Tuesday. The stock has a market cap of $89.09 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a fifty day moving average price of $166.87 and a 200 day moving average price of $160.41. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 40.17%.

Insiders Place Their Bets

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the sale, the director now owns 21,364 shares of the company’s stock, valued at $3,396,876. This represents a 10.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lynn C. Martin sold 4,155 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $165.60, for a total transaction of $688,068.00. Following the completion of the sale, the insider now directly owns 57,376 shares of the company’s stock, valued at approximately $9,501,465.60. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,931 shares of company stock valued at $10,492,868. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ICE has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. UBS Group boosted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.47.

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.