Caisse Des Depots ET Consignations Sells 9,154 Shares of Intercontinental Exchange Inc. $ICE

Caisse Des Depots ET Consignations lessened its holdings in Intercontinental Exchange Inc. (NYSE:ICEFree Report) by 40.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,247 shares of the financial services provider’s stock after selling 9,154 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in Intercontinental Exchange were worth $2,145,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ICE. Dynasty Wealth Management LLC bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $897,000. Rockland Trust Co. boosted its position in shares of Intercontinental Exchange by 19.7% in the third quarter. Rockland Trust Co. now owns 127,652 shares of the financial services provider’s stock valued at $21,507,000 after acquiring an additional 20,981 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of Intercontinental Exchange by 37.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 11,920 shares of the financial services provider’s stock valued at $2,008,000 after acquiring an additional 3,261 shares during the period. Eastern Bank boosted its position in shares of Intercontinental Exchange by 14.6% in the third quarter. Eastern Bank now owns 203,731 shares of the financial services provider’s stock valued at $34,325,000 after acquiring an additional 25,980 shares during the period. Finally, M&G PLC boosted its position in shares of Intercontinental Exchange by 18.4% in the third quarter. M&G PLC now owns 107,070 shares of the financial services provider’s stock valued at $17,988,000 after acquiring an additional 16,635 shares during the period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 1.9%

Shares of NYSE ICE opened at $155.04 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The firm’s fifty day moving average is $160.21 and its 200 day moving average is $159.99. The company has a market cap of $87.82 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.64 and a beta of 0.96.

Intercontinental Exchange (NYSE:ICEGet Free Report) last issued its earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts expect that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s payout ratio is presently 36.05%.

Trending Headlines about Intercontinental Exchange

Here are the key news stories impacting Intercontinental Exchange this week:

Analyst Upgrades and Downgrades

ICE has been the subject of a number of analyst reports. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. Raymond James Financial restated a “strong-buy” rating and issued a $211.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Friday, March 6th. Finally, Weiss Ratings lowered shares of Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $194.10.

Get Our Latest Stock Analysis on ICE

Insider Buying and Selling

In other Intercontinental Exchange news, CTO Mayur Kapani sold 15,213 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $155.02, for a total transaction of $2,358,319.26. Following the transaction, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at approximately $10,055,992.38. The trade was a 19.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 12,861 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the transaction, the president directly owned 165,692 shares in the company, valued at approximately $27,339,180. The trade was a 7.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 348,418 shares of company stock valued at $54,196,631 over the last quarter. Company insiders own 0.84% of the company’s stock.

About Intercontinental Exchange

(Free Report)

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.

See Also

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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