Mackenzie Financial Corp Has $64.61 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Mackenzie Financial Corp lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 433,573 shares of the financial services provider's stock after purchasing an additional 44,093 shares during the period. Mackenzie Financial Corp owned about 0.08% of Intercontinental Exchange worth $64,607,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Forum Financial Management LP lifted its position in shares of Intercontinental Exchange by 9.4% during the fourth quarter. Forum Financial Management LP now owns 5,068 shares of the financial services provider's stock worth $755,000 after purchasing an additional 436 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter worth about $1,910,000. Vise Technologies Inc. lifted its position in shares of Intercontinental Exchange by 71.8% during the fourth quarter. Vise Technologies Inc. now owns 7,389 shares of the financial services provider's stock worth $1,101,000 after purchasing an additional 3,087 shares during the last quarter. City National Bank of Florida MSD acquired a new stake in Intercontinental Exchange during the fourth quarter worth about $207,000. Finally, Inspire Trust Co. N.A. raised its stake in Intercontinental Exchange by 25.0% during the fourth quarter. Inspire Trust Co. N.A. now owns 15,000 shares of the financial services provider's stock worth $2,235,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock traded up $0.62 on Friday, hitting $179.15. The company had a trading volume of 632,246 shares, compared to its average volume of 2,999,801. The business has a 50-day simple moving average of $168.00 and a 200-day simple moving average of $162.46. 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 company has a market cap of $102.77 billion, a PE ratio of 37.46, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 52 week low of $131.79 and a 52 week high of $179.44.

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

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ICE. Bank of America dropped their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Barclays increased their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Finally, UBS Group increased their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $188.46.

Insiders Place Their Bets

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 397 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $177.11, for a total value of $70,312.67. Following the completion of the transaction, the director now directly owns 4,526 shares of the company's stock, valued at approximately $801,599.86. The trade was a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 21,364 shares of the company's stock, valued at approximately $3,396,876. This trade represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,579 shares of company stock worth $584,818 in the last ninety days. Insiders own 1.00% of the company's stock.

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.