National Bank of Canada FI Purchases 45,587 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

National Bank of Canada FI raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 353,238 shares of the financial services provider's stock after purchasing an additional 45,587 shares during the period. National Bank of Canada FI owned 0.06% of Intercontinental Exchange worth $52,639,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Intercontinental Exchange during the fourth quarter valued at about $1,196,258,000. Janus Henderson Group PLC lifted its position in shares of Intercontinental Exchange by 326.3% during the 3rd quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider's stock worth $726,196,000 after purchasing an additional 3,460,096 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $406,728,000. Swedbank AB boosted its stake in Intercontinental Exchange by 2,293.3% during the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after purchasing an additional 2,123,185 shares during the period. Finally, AMF Tjanstepension AB grew its holdings in Intercontinental Exchange by 1,237.7% in the 4th quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider's stock valued at $253,591,000 after buying an additional 1,574,386 shares during the last quarter. 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. The company had a trading volume of 6,340,404 shares, 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 stock has a 50-day moving average of $168.49 and a two-hundred day moving average of $160.78. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The firm has a market capitalization of $90.13 billion, a PE ratio of 32.82, a PEG ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS 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%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

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 issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is 40.17%.

Analyst Upgrades and Downgrades

ICE has been the subject of several research reports. JPMorgan Chase & Co. reduced 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. UBS Group increased their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Bank of America decreased their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $182.47.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction of $88,785.73. Following the sale, the insider now owns 12,922 shares of the company's stock, valued at $1,908,967.06. This represents a 4.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 17,104 shares of the firm's stock in a transaction dated 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 completion of the sale, the president now owns 155,174 shares of the company's stock, valued at $25,855,091.88. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,563 shares of company stock valued at $10,998,990. Corporate insiders own 1.10% of the company's stock.

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.