Natixis Advisors LLC Has $271.81 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Natixis Advisors LLC lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,692,038 shares of the financial services provider's stock after purchasing an additional 124,999 shares during the period. Intercontinental Exchange accounts for 0.5% of Natixis Advisors LLC's holdings, making the stock its 29th biggest position. Natixis Advisors LLC owned about 0.29% of Intercontinental Exchange worth $271,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. HBK Sorce Advisory LLC lifted its position in shares of Intercontinental Exchange by 16.9% during the 1st quarter. HBK Sorce Advisory LLC now owns 2,037 shares of the financial services provider's stock worth $280,000 after buying an additional 294 shares during the last quarter. Intech Investment Management LLC raised its stake in Intercontinental Exchange by 77.0% during the first quarter. Intech Investment Management LLC now owns 15,338 shares of the financial services provider's stock worth $2,108,000 after buying an additional 6,673 shares during the last quarter. Spirepoint Private Client LLC acquired a new position in shares of Intercontinental Exchange in the 1st quarter valued at about $236,000. Vanguard Group Inc. boosted its holdings in shares of Intercontinental Exchange by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider's stock worth $6,978,218,000 after buying an additional 3,536,913 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its stake in Intercontinental Exchange by 86.4% during the first quarter. Jacobi Capital Management LLC now owns 3,733 shares of the financial services provider's stock worth $513,000 after acquiring an additional 1,730 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ICE shares. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average price target of $174.13.

Insider Transactions at Intercontinental Exchange

In related news, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the completion of the sale, the director now owns 3,958 shares of the company's stock, valued at approximately $629,242.84. The trade was a 11.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Warren Gardiner sold 750 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the transaction, the chief financial officer now directly owns 16,576 shares of the company's stock, valued at $2,675,863.68. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock valued at $1,202,259 over the last three months. Company insiders own 1.10% of the company's stock.

Intercontinental Exchange Trading Down 0.6 %

ICE stock traded down $0.92 during midday trading on Friday, reaching $155.55. 2,795,449 shares of the company's stock traded hands, compared to its average volume of 2,569,783. Intercontinental Exchange, Inc. has a fifty-two week low of $110.64 and a fifty-two week high of $167.99. The company has a market capitalization of $89.31 billion, a P/E ratio of 36.86, a PEG ratio of 2.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50-day moving average price of $160.97 and a two-hundred day moving average price of $149.92.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts' consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the business earned $1.46 EPS. The business's quarterly revenue was up 17.3% on a year-over-year basis. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Monday, December 16th. Intercontinental Exchange's payout ratio is 42.65%.

About Intercontinental Exchange

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.