22,401 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Bought by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 22,401 shares of the financial services provider’s stock, valued at approximately $3,338,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Loomis Sayles & Co. L P bought a new position in Intercontinental Exchange in the fourth quarter valued at about $59,000. Howe & Rusling Inc. increased its stake in Intercontinental Exchange by 2.8% in the fourth quarter. Howe & Rusling Inc. now owns 109,935 shares of the financial services provider’s stock valued at $16,381,000 after purchasing an additional 3,002 shares in the last quarter. AssuredPartners Investment Advisors LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $656,000. NEOS Investment Management LLC grew its holdings in shares of Intercontinental Exchange by 37.7% during the fourth quarter. NEOS Investment Management LLC now owns 39,348 shares of the financial services provider’s stock valued at $5,863,000 after buying an additional 10,767 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its position in Intercontinental Exchange by 3.5% in the 4th quarter. UniSuper Management Pty Ltd now owns 251,220 shares of the financial services provider’s stock valued at $37,434,000 after buying an additional 8,567 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.0 %

Shares of ICE stock opened at $175.69 on Thursday. The company’s fifty day simple moving average is $166.08 and its two-hundred day simple moving average is $160.37. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $176.82. The stock has a market cap of $100.95 billion, a P/E ratio of 36.76, a PEG ratio of 2.10 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS 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%. Analysts predict 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 Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.09%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” 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 report on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods boosted their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 601 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now owns 12,922 shares of the company’s stock, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction that occurred on 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 $25,247,181.82. This represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock worth $10,998,990 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.