Natixis Advisors L.P. Buys 114,626 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Natixis Advisors L.P. increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,401,644 shares of the financial services provider’s stock after buying an additional 114,626 shares during the quarter. Natixis Advisors L.P. owned about 0.25% of Intercontinental Exchange worth $180,012,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ICE. Commonwealth Equity Services LLC lifted its position in Intercontinental Exchange by 4.3% during the third quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider’s stock worth $4,534,000 after purchasing an additional 1,716 shares during the period. Simon Quick Advisors LLC increased its stake in Intercontinental Exchange by 12.8% in the third quarter. Simon Quick Advisors LLC now owns 2,051 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 232 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Intercontinental Exchange by 2.8% during the third quarter. Stratos Wealth Partners LTD. now owns 35,309 shares of the financial services provider’s stock valued at $3,885,000 after purchasing an additional 954 shares in the last quarter. Stonegate Investment Group LLC raised its position in Intercontinental Exchange by 11.7% during the third quarter. Stonegate Investment Group LLC now owns 2,096 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 220 shares in the last quarter. Finally, NorthRock Partners LLC lifted its stake in Intercontinental Exchange by 16.5% during the third quarter. NorthRock Partners LLC now owns 3,139 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 445 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In related news, insider Elizabeth Kathryn King sold 3,783 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $499,469.49. Following the completion of the transaction, the insider now owns 17,242 shares in the company, valued at $2,276,461.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the sale, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth Kathryn King sold 3,783 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total transaction of $499,469.49. Following the completion of the sale, the insider now directly owns 17,242 shares of the company’s stock, valued at approximately $2,276,461.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,832 shares of company stock worth $21,499,127. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Performance

Shares of ICE traded down $2.63 during trading hours on Thursday, hitting $126.05. The stock had a trading volume of 2,559,069 shares, compared to its average volume of 2,385,800. The stock has a fifty day moving average price of $135.42 and a 200 day moving average price of $125.67. Intercontinental Exchange, Inc. has a 12 month low of $103.81 and a 12 month high of $140.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $72.18 billion, a PE ratio of 30.62, a PEG ratio of 2.11 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter last year, the business posted $1.25 earnings per share. The firm’s revenue was up 24.5% on a year-over-year basis. Analysts anticipate that Intercontinental Exchange, Inc. will post 5.95 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.43%. Intercontinental Exchange’s dividend payout ratio is presently 42.86%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $152.00 price target on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Raymond James increased their price objective on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 5th. Rosenblatt Securities lifted their price target on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Bank of America decreased their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.08.

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.