CANADA LIFE ASSURANCE Co Boosts Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

CANADA LIFE ASSURANCE Co raised its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,006,928 shares of the financial services provider's stock after purchasing an additional 6,278 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.18% of Intercontinental Exchange worth $149,950,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Intercontinental Exchange by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock worth $5,647,000 after purchasing an additional 366 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in Intercontinental Exchange by 6.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock valued at $11,022,000 after acquiring an additional 4,787 shares during the last quarter. M&T Bank Corp grew its holdings in Intercontinental Exchange by 33.2% during the 3rd quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock worth $7,500,000 after acquiring an additional 11,648 shares in the last quarter. Avantra Family Wealth Inc. bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $702,000. Finally, Dixon Mitchell Investment Counsel Inc. grew its stake in Intercontinental Exchange by 9.2% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock worth $108,515,000 after purchasing an additional 61,110 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

ICE stock opened at $158.44 on Thursday. The stock has a market capitalization of $91.02 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50 day moving average price of $167.45 and a 200 day moving average price of $160.52. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.95% and a net margin of 23.42%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.21%. Intercontinental Exchange's dividend payout ratio is 40.17%.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88. Following the sale, the president now directly owns 164,041 shares in the company, valued at $27,183,234.11. This trade represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lynn C. Martin sold 4,155 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $165.60, for a total value of $688,068.00. Following the transaction, the insider now owns 57,376 shares of the company's stock, valued at approximately $9,501,465.60. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,301 shares of company stock valued at $10,074,698. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Bank of America lowered their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, UBS Group raised their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average price target of $182.47.

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.

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