Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 125.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,080,081 shares of the financial services provider's stock after purchasing an additional 601,893 shares during the quarter. Canada Pension Plan Investment Board owned 0.19% of Intercontinental Exchange worth $160,943,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Intercontinental Exchange by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock valued at $5,647,000 after buying an additional 366 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in Intercontinental Exchange by 6.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock worth $11,022,000 after purchasing an additional 4,787 shares during the last quarter. M&T Bank Corp boosted its position in Intercontinental Exchange by 33.2% during the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock worth $7,500,000 after purchasing an additional 11,648 shares in the last quarter. Avantra Family Wealth Inc. acquired a new stake in Intercontinental Exchange in the fourth quarter valued at $702,000. Finally, Dixon Mitchell Investment Counsel Inc. grew its stake in Intercontinental Exchange by 9.2% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock valued at $108,515,000 after acquiring an additional 61,110 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Down 0.4 %

Shares of Intercontinental Exchange stock traded down $0.62 on Wednesday, hitting $160.06. 1,056,829 shares of the company's stock traded hands, compared to its average volume of 2,923,645. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm's 50-day moving average is $166.71 and its 200 day moving average is $160.41. The stock has a market cap of $91.95 billion, a P/E ratio of 33.49, a PEG ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) 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%. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

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 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 1.20%. Intercontinental Exchange's payout ratio is 40.17%.

Insider Activity

In other news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the transaction, the president now directly owns 164,041 shares of the company's stock, valued at approximately $27,183,234.11. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the transaction, the senior vice president now owns 21,992 shares of the company's stock, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,931 shares of company stock worth $10,492,868. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on ICE. JPMorgan Chase & Co. lowered their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Bank of America decreased their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, UBS Group upped their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $182.47.

Intercontinental Exchange Profile

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.