Intercontinental Exchange, Inc. (NYSE:ICE) Holdings Raised by Candriam S.C.A.

Candriam S.C.A. grew its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,526 shares of the financial services provider's stock after buying an additional 57,260 shares during the quarter. Candriam S.C.A.'s holdings in Intercontinental Exchange were worth $36,288,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in Intercontinental Exchange during the 3rd quarter worth about $29,000. FSA Wealth Management LLC purchased a new stake in Intercontinental Exchange during the 3rd quarter worth about $31,000. BankPlus Trust Department purchased a new stake in Intercontinental Exchange during the 4th quarter worth about $40,000. Finally, Planning Capital Management Corp increased its position in Intercontinental Exchange by 96.7% during the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider's stock worth $48,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 601 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73. Following the transaction, the insider now directly owns 12,922 shares of the company's stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the transaction, the senior vice president now directly owns 21,992 shares in the company, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,268 shares of company stock valued at $11,262,789 in the last three months. Corporate insiders own 1.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $178.80.

Intercontinental Exchange Trading Up 0.4 %

Shares of NYSE ICE traded up $0.75 during midday trading on Friday, hitting $170.40. The stock had a trading volume of 3,541,790 shares, compared to its average volume of 2,591,358. The company has a market capitalization of $97.91 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $175.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $159.46 and a 200 day moving average price of $159.30.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is currently 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.