Intercontinental Exchange, Inc. (NYSE:ICE) Position Boosted by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,692,038 shares of the financial services provider’s stock after purchasing an additional 124,999 shares during the quarter. Intercontinental Exchange accounts for 0.5% of Natixis Advisors LLC’s holdings, making the stock its 29th biggest position. Natixis Advisors LLC’s holdings in Intercontinental Exchange were worth $271,809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ICE. Mizuho Securities USA LLC raised its holdings in Intercontinental Exchange by 35.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 59,732 shares of the financial services provider’s stock worth $9,595,000 after buying an additional 15,509 shares during the period. Coastline Trust Co grew its position in Intercontinental Exchange by 1.4% during the 3rd quarter. Coastline Trust Co now owns 16,477 shares of the financial services provider’s stock worth $2,647,000 after purchasing an additional 225 shares in the last quarter. Empowered Funds LLC raised its stake in Intercontinental Exchange by 8.6% during the 3rd quarter. Empowered Funds LLC now owns 10,829 shares of the financial services provider’s stock valued at $1,740,000 after purchasing an additional 854 shares during the period. Empirical Finance LLC grew its position in Intercontinental Exchange by 9.8% during the third quarter. Empirical Finance LLC now owns 8,174 shares of the financial services provider’s stock valued at $1,313,000 after purchasing an additional 728 shares in the last quarter. Finally, First Business Financial Services Inc. increased its position in Intercontinental Exchange by 4.3% in the 3rd quarter. First Business Financial Services Inc. now owns 15,163 shares of the financial services provider’s stock worth $2,436,000 after purchasing an additional 629 shares during the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $155.55 on Friday. Intercontinental Exchange, Inc. has a 12-month low of $110.64 and a 12-month high of $167.99. The stock has a 50-day simple moving average of $160.97 and a 200 day simple moving average of $149.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $89.31 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 2.57 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.45 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. Intercontinental Exchange’s payout ratio is 42.65%.

Analysts Set New Price Targets

Several research firms have commented on ICE. The Goldman Sachs Group boosted their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley raised their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a research report on Monday, October 14th. Finally, Piper Sandler upped their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now directly owns 16,665 shares in the company, valued at approximately $2,666,400. This represents a 6.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the sale, the insider now owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,489 shares of company stock worth $1,202,259. 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.