Natixis Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Natixis boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 322.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,064 shares of the financial services provider's stock after buying an additional 67,202 shares during the period. Natixis' holdings in Intercontinental Exchange were worth $13,122,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in shares of Intercontinental Exchange by 33.2% during the 3rd 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 during the period. Virtu Financial LLC purchased a new stake in shares of Intercontinental Exchange in the third quarter worth approximately $2,817,000. World Investment Advisors LLC lifted its stake in shares of Intercontinental Exchange by 759.2% during the 3rd quarter. World Investment Advisors LLC now owns 52,946 shares of the financial services provider's stock worth $8,505,000 after acquiring an additional 46,784 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Intercontinental Exchange during the 3rd quarter valued at $3,504,000. Finally, Tidal Investments LLC grew its position in Intercontinental Exchange by 180.6% in the 3rd quarter. Tidal Investments LLC now owns 98,482 shares of the financial services provider's stock valued at $15,820,000 after acquiring an additional 63,382 shares during the last quarter. Institutional investors own 89.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ICE. UBS Group boosted their target price 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. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Bank of America lowered their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. reduced their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $182.47.

Insider Buying and Selling

In other news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, April 16th. The shares were 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. The trade was a 10.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $165.71, for a total transaction 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 $27,183,234.11. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,931 shares of company stock valued at $10,492,868 over the last 90 days. Insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Performance

ICE stock traded up $0.54 during trading on Friday, reaching $163.52. The company had a trading volume of 663,403 shares, compared to its average volume of 2,920,218. 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 twelve month low of $124.34 and a twelve month high of $177.45. The company has a market cap of $93.94 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The firm has a 50-day simple moving average of $166.52 and a 200-day simple moving average of $160.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. As a group, sell-side analysts expect 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 Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.17%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.

Intercontinental Exchange Company 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.