Caisse DE Depot ET Placement DU Quebec Sells 109,110 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Caisse DE Depot ET Placement DU Quebec cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,149,049 shares of the financial services provider's stock after selling 109,110 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.20% of Intercontinental Exchange worth $171,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Intercontinental Exchange by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock valued at $7,782,521,000 after buying an additional 538,670 shares during the period. Geode Capital Management LLC grew its holdings in shares of Intercontinental Exchange by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock worth $1,765,317,000 after acquiring an additional 327,637 shares during the period. Norges Bank bought a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $1,196,258,000. Northern Trust Corp raised its position in shares of Intercontinental Exchange by 9.7% in the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock worth $1,105,953,000 after acquiring an additional 655,247 shares in the last quarter. Finally, Independent Franchise Partners LLP lifted its stake in shares of Intercontinental Exchange by 20.8% in the 4th quarter. Independent Franchise Partners LLP now owns 6,160,836 shares of the financial services provider's stock valued at $918,026,000 after purchasing an additional 1,062,904 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock traded up $0.60 on Monday, reaching $174.05. The stock had a trading volume of 2,052,330 shares, compared to its average volume of 2,925,449. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $130.39 and a 1 year high of $177.45. The stock has a market cap of $99.99 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a 50 day simple moving average of $166.47 and a 200 day simple moving average of $160.58.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same period last year, the firm posted $1.48 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.10%. Intercontinental Exchange's payout ratio is presently 39.75%.

Wall Street Analyst Weigh In

ICE has been the subject of a number of research reports. UBS Group increased their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Barclays raised their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday. Bank of America dropped their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, Morgan Stanley boosted their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $185.93.

Insider Transactions at Intercontinental Exchange

In related news, insider Lynn C. Martin sold 4,155 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total transaction of $688,068.00. Following the completion of the transaction, the insider now directly owns 57,376 shares in the company, valued at approximately $9,501,465.60. The trade was a 6.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares of the company's stock, valued at $3,396,876. This represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,931 shares of company stock worth $10,492,868 in the last 90 days. 1.00% of the stock is currently owned by insiders.

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.