Raiffeisen Bank International AG Invests $4.69 Million in Intercontinental Exchange, Inc. (NYSE:ICE)

Raiffeisen Bank International AG acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 31,380 shares of the financial services provider's stock, valued at approximately $4,687,000.

A number of other hedge funds have also made changes to their positions in the stock. Sierra Ocean LLC bought a new position in Intercontinental Exchange during the 4th quarter valued at $25,000. Redwood Park Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $33,000. Lee Danner & Bass Inc. bought a new position in Intercontinental Exchange during the fourth quarter valued at about $34,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange during the fourth quarter worth about $40,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Intercontinental Exchange in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Bank of America reduced their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley lifted their target price 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. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Barclays increased their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.93.

Intercontinental Exchange Stock Down 0.7%

Intercontinental Exchange stock traded down $1.27 during mid-day trading on Wednesday, hitting $175.03. 1,289,184 shares of the company's stock were exchanged, compared to its average volume of 2,971,602. Intercontinental Exchange, Inc. has a 1-year low of $131.79 and a 1-year high of $180.15. The stock has a 50 day moving average of $167.60 and a two-hundred day moving average of $161.52. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market cap of $100.40 billion, a P/E ratio of 36.62, a P/E/G ratio of 2.10 and a beta of 1.12.

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

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.10%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Insider Activity

In other news, President Benjamin Jackson sold 7,900 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares of the company's stock, valued at approximately $25,247,181.82. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the transaction, the director now owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,634 shares of company stock valued at $4,622,335 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

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.