Natixis Advisors LLC Increases Stake in Intercontinental Exchange Inc. (NYSE:ICE)

Natixis Advisors LLC raised its position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 8.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,897,942 shares of the financial services provider's stock after acquiring an additional 143,520 shares during the quarter. Intercontinental Exchange makes up 0.6% of Natixis Advisors LLC's portfolio, making the stock its 23rd biggest holding. Natixis Advisors LLC owned 0.33% of Intercontinental Exchange worth $327,395,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ICE. Geode Capital Management LLC grew its position in shares of Intercontinental Exchange by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock worth $1,765,317,000 after purchasing an additional 327,637 shares in the last quarter. Royal Bank of Canada boosted its holdings in Intercontinental Exchange by 132.9% during the 4th quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock valued at $1,359,173,000 after acquiring an additional 5,204,309 shares during the period. Northern Trust Corp raised its position in Intercontinental Exchange by 9.7% during the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock valued at $1,105,953,000 after purchasing an additional 655,247 shares in the last quarter. Independent Franchise Partners LLP raised its position in Intercontinental Exchange by 20.8% during 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Intercontinental Exchange by 50.6% during the 1st quarter. Bank of New York Mellon Corp now owns 5,933,532 shares of the financial services provider's stock worth $1,023,534,000 after buying an additional 1,993,084 shares during the last quarter. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Up 0.8%

Shares of NYSE:ICE traded up $1.47 during trading on Wednesday, reaching $186.18. 3,506,659 shares of the company traded hands, compared to its average volume of 1,871,467. The firm has a market cap of $106.80 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11. The firm has a fifty day simple moving average of $180.33 and a 200 day simple moving average of $170.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $187.38.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm posted $1.48 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.03%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $177.48, for a total value of $283,968.00. Following the completion of the sale, the senior vice president owned 27,313 shares of the company's stock, valued at approximately $4,847,511.24. This represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO James W. Namkung sold 612 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $180.00, for a total transaction of $110,160.00. Following the completion of the sale, the chief accounting officer directly owned 13,220 shares of the company's stock, valued at $2,379,600. The trade was a 4.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,913 shares of company stock valued at $40,671,107 over the last three months. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

ICE has been the topic of several research analyst reports. Morgan Stanley boosted their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. UBS Group increased their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Bank of America lowered their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Barclays lifted their target price on Intercontinental Exchange from $198.00 to $206.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Keefe, Bruyette & Woods lifted their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $194.42.

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.