Natixis Has $13.12 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Natixis grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 322.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,064 shares of the financial services provider's stock after purchasing an additional 67,202 shares during the period. Natixis' holdings in Intercontinental Exchange were worth $13,122,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Sierra Ocean LLC bought a new stake in Intercontinental Exchange during the 4th quarter worth about $25,000. Redwood Park Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $33,000. Lee Danner & Bass Inc. bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at $34,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange during the fourth quarter worth $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Intercontinental Exchange during the fourth quarter worth $45,000. Institutional investors own 89.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ICE shares. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Bank of America dropped their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Barclays upped their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock 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, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Benjamin Jackson sold 7,900 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the transaction, the president now directly owns 147,274 shares of the company's stock, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,931 shares of company stock valued at $10,492,868. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Price Performance

ICE stock traded up $0.31 during mid-day trading on Wednesday, hitting $160.99. The stock had a trading volume of 2,876,118 shares, compared to its average volume of 2,932,862. The firm has a fifty day simple moving average of $166.71 and a 200 day simple moving average of $160.41. The firm has a market capitalization of $92.49 billion, a P/E ratio of 33.68, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $177.45.

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

Intercontinental Exchange Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.19%. Intercontinental Exchange's payout ratio is 40.17%.

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.