Compagnie Lombard Odier SCmA Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Compagnie Lombard Odier SCmA grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 20.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 578,434 shares of the financial services provider's stock after acquiring an additional 98,971 shares during the quarter. Intercontinental Exchange comprises 1.2% of Compagnie Lombard Odier SCmA's holdings, making the stock its 22nd largest holding. Compagnie Lombard Odier SCmA owned 0.10% of Intercontinental Exchange worth $99,780,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ICE. Sierra Ocean LLC bought a new stake in Intercontinental Exchange during the fourth quarter worth $25,000. REAP Financial Group LLC grew its holdings in Intercontinental Exchange by 116.7% during the fourth quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after buying an additional 91 shares in the last quarter. Menard Financial Group LLC bought a new stake in Intercontinental Exchange during the fourth quarter worth $29,000. Redwood Park Advisors LLC bought a new stake in Intercontinental Exchange during the fourth quarter worth $33,000. Finally, Lee Danner & Bass Inc. bought a new stake in Intercontinental Exchange during the fourth quarter worth $34,000. Institutional investors own 89.30% of the company's stock.

Insider Activity

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 3,848 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $179.12, for a total value of $689,253.76. Following the sale, the general counsel now directly owns 48,480 shares in the company, valued at $8,683,737.60. This represents a 7.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martha A. Tirinnanzi sold 397 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $177.11, for a total transaction of $70,312.67. Following the completion of the sale, the director now owns 4,526 shares in the company, valued at $801,599.86. This represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 227,954 shares of company stock valued at $40,796,663 over the last quarter. Company insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Performance

NYSE:ICE traded down $0.78 on Friday, reaching $178.30. 2,500,290 shares of the company's stock were exchanged, compared to its average volume of 3,014,142. The firm has a market cap of $102.28 billion, a price-to-earnings ratio of 37.30, a P/E/G ratio of 2.10 and a beta of 1.12. 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 simple moving average of $170.32 and a 200-day simple moving average of $164.04. Intercontinental Exchange, Inc. has a 52 week low of $133.97 and a 52 week high of $180.89.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. The company's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.08%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 39.75%.

Analyst Ratings Changes

Several brokerages recently issued reports on ICE. Keefe, Bruyette & Woods upped their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley boosted their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Barclays boosted their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Bank of America cut their price objective 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. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and a consensus target price of $188.46.

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.