Groupama Asset Managment Has $3.33 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Groupama Asset Managment increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 72.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,296 shares of the financial services provider's stock after acquiring an additional 9,385 shares during the quarter. Groupama Asset Managment's holdings in Intercontinental Exchange were worth $3,329,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ICE. Strategic Advisors LLC boosted its holdings in shares of Intercontinental Exchange by 5.1% during the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock valued at $201,000 after acquiring an additional 66 shares during the period. Commons Capital LLC lifted its position in Intercontinental Exchange by 1.2% in the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider's stock valued at $886,000 after purchasing an additional 69 shares during the last quarter. Brooklyn Investment Group boosted its stake in Intercontinental Exchange by 2.2% during the 4th quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider's stock valued at $475,000 after purchasing an additional 70 shares during the period. Clear Harbor Asset Management LLC grew its position in Intercontinental Exchange by 3.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider's stock worth $294,000 after purchasing an additional 70 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in shares of Intercontinental Exchange by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after purchasing an additional 71 shares during the period. Institutional investors own 89.30% of the company's stock.

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Intercontinental Exchange Price Performance

NYSE:ICE traded down $10.67 during trading hours on Friday, reaching $156.89. 6,340,404 shares of the company's stock were exchanged, compared to its average volume of 2,851,404. 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 market capitalization of $90.13 billion, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $177.45. The business's 50-day simple moving average is $168.49 and its two-hundred day simple moving average is $160.78.

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 return on equity of 12.95% and a net margin of 23.42%. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.22%. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ICE. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their price target 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. Bank of America lowered their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. 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 equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $182.47.

Insiders Place Their Bets

In other Intercontinental Exchange news, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the transaction, the president now directly owns 155,174 shares in the company, valued at approximately $25,855,091.88. The trade was a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares of the company's stock, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,563 shares of company stock worth $10,998,990. Company insiders own 1.10% of the company's stock.

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.