Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 110.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 439,134 shares of the financial services provider's stock after acquiring an additional 230,918 shares during the quarter. Bank of Nova Scotia owned approximately 0.08% of Intercontinental Exchange worth $65,435,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. FIL Ltd grew its position in Intercontinental Exchange by 12.9% in the 4th quarter. FIL Ltd now owns 1,842,729 shares of the financial services provider's stock valued at $274,585,000 after purchasing an additional 211,008 shares during the period. Rathbones Group PLC increased its stake in Intercontinental Exchange by 24,954.9% in the 4th quarter. Rathbones Group PLC now owns 476,544 shares of the financial services provider's stock valued at $71,010,000 after buying an additional 474,642 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Intercontinental Exchange by 218.7% during the 4th quarter. Federated Hermes Inc. now owns 655,772 shares of the financial services provider's stock worth $97,717,000 after buying an additional 449,988 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Intercontinental Exchange by 8.4% in the 4th quarter. Quadrant Capital Group LLC now owns 6,484 shares of the financial services provider's stock worth $966,000 after buying an additional 500 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co increased its position in shares of Intercontinental Exchange by 61.0% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 157,800 shares of the financial services provider's stock valued at $23,514,000 after acquiring an additional 59,800 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of research analyst reports. Barclays raised their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. 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. Finally, Bank of America cut their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $182.47.

Insider Activity at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the transaction, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,563 shares of company stock worth $10,998,990. Insiders own 1.10% of the company's stock.

Intercontinental Exchange Price Performance

ICE traded up $3.51 on Monday, hitting $159.42. 532,580 shares of the company's stock traded hands, compared to its average volume of 2,908,450. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. 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 firm has a market cap of $91.59 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 2.10 and a beta of 1.09. The company's 50 day simple moving average is $167.80 and its 200-day simple moving average is $160.54.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued 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, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.20%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.

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.