Compagnie Lombard Odier SCmA Buys 295,407 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Compagnie Lombard Odier SCmA lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 160.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 479,463 shares of the financial services provider's stock after acquiring an additional 295,407 shares during the period. Intercontinental Exchange accounts for about 1.1% of Compagnie Lombard Odier SCmA's holdings, making the stock its 26th biggest position. Compagnie Lombard Odier SCmA owned approximately 0.08% of Intercontinental Exchange worth $71,445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB lifted its holdings in Intercontinental Exchange by 14.5% in the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider's stock valued at $20,441,000 after acquiring an additional 16,130 shares during the period. Exchange Traded Concepts LLC increased its position in Intercontinental Exchange by 836.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider's stock worth $66,000 after purchasing an additional 368 shares in the last quarter. Creative Planning grew its holdings in Intercontinental Exchange by 92.8% in the 3rd quarter. Creative Planning now owns 104,616 shares of the financial services provider's stock valued at $16,805,000 after buying an additional 50,354 shares during the period. Swedbank AB grew its holdings in Intercontinental Exchange by 9.0% in the 3rd quarter. Swedbank AB now owns 92,582 shares of the financial services provider's stock valued at $14,872,000 after buying an additional 7,640 shares during the period. Finally, Magnus Financial Group LLC purchased a new stake in Intercontinental Exchange in the 3rd quarter valued at about $211,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the transaction, the president now directly owns 164,041 shares of the company's stock, valued at approximately $27,183,234.11. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of the business's stock in a transaction dated 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 of the company's stock, 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. Over the last quarter, insiders sold 34,358 shares of company stock worth $5,535,650. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Price Performance

ICE stock traded down $0.43 during trading on Tuesday, hitting $166.29. The company had a trading volume of 2,230,040 shares, compared to its average volume of 2,997,840. The company has a fifty day moving average price of $154.63 and a two-hundred day moving average price of $157.75. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.63. The company has a market cap of $95.48 billion, a P/E ratio of 34.79, a P/E/G ratio of 3.21 and a beta of 1.11. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $169.78.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted 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%. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.63 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 dividend on an annualized basis and a yield of 1.15%. Intercontinental Exchange's dividend payout ratio is presently 37.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ICE. Keefe, Bruyette & Woods boosted their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. UBS Group boosted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $178.80.

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.