Natixis Advisors L.P. Boosts Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Natixis Advisors L.P. increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 8.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,401,644 shares of the financial services provider’s stock after buying an additional 114,626 shares during the quarter. Natixis Advisors L.P.’s holdings in Intercontinental Exchange were worth $180,012,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ICE. Vanguard Group Inc. boosted its stake in shares of Intercontinental Exchange by 2.2% during the third quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock worth $5,162,041,000 after buying an additional 1,012,034 shares during the period. Wellington Management Group LLP lifted its position in Intercontinental Exchange by 219.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock worth $1,336,371,000 after acquiring an additional 8,348,126 shares during the period. Northern Trust Corp grew its stake in shares of Intercontinental Exchange by 3.9% in the 3rd quarter. Northern Trust Corp now owns 7,567,921 shares of the financial services provider’s stock valued at $832,623,000 after purchasing an additional 282,963 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Intercontinental Exchange by 21.1% in the third quarter. Invesco Ltd. now owns 6,073,725 shares of the financial services provider’s stock valued at $668,231,000 after purchasing an additional 1,058,536 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Intercontinental Exchange by 3.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,847,229 shares of the financial services provider’s stock worth $533,292,000 after purchasing an additional 173,236 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock traded down $2.63 on Thursday, hitting $126.05. The company’s stock had a trading volume of 2,559,069 shares, compared to its average volume of 2,385,800. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average price of $135.42 and a 200-day moving average price of $125.67. Intercontinental Exchange, Inc. has a 52-week low of $103.81 and a 52-week high of $140.43. The company has a market capitalization of $72.18 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the business earned $1.25 earnings per share. The company’s quarterly revenue was up 24.5% on a year-over-year basis. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.43%. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.86%.

Insider Activity

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Benjamin Jackson sold 27,970 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $134.74, for a total transaction of $3,768,677.80. Following the transaction, the president now directly owns 138,487 shares in the company, valued at $18,659,738.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the sale, the general counsel now directly owns 48,713 shares in the company, valued at $6,417,450.62. The disclosure for this sale can be found here. Insiders have sold 157,832 shares of company stock worth $21,499,127 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ICE has been the topic of several analyst reports. Piper Sandler lifted their target price on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. UBS Group increased their target price on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $152.00 price target on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Finally, Rosenblatt Securities increased their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.08.

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.