Caisse DE Depot ET Placement DU Quebec trimmed its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,250 shares of the financial services provider’s stock after selling 5,700 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Intercontinental Exchange were worth $3,193,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI acquired a new position in Intercontinental Exchange during the third quarter valued at $380,000. Macquarie Group Ltd. raised its position in Intercontinental Exchange by 0.9% during the third quarter. Macquarie Group Ltd. now owns 2,915,546 shares of the financial services provider’s stock valued at $200,298,000 after buying an additional 24,797 shares during the period. AXA raised its position in Intercontinental Exchange by 6.8% during the third quarter. AXA now owns 255,959 shares of the financial services provider’s stock valued at $17,585,000 after buying an additional 16,304 shares during the period. Bank of Montreal Can raised its position in Intercontinental Exchange by 17.9% during the fourth quarter. Bank of Montreal Can now owns 563,903 shares of the financial services provider’s stock valued at $39,789,000 after buying an additional 85,435 shares during the period. Finally, Greystone Managed Investments Inc. grew its stake in Intercontinental Exchange by 4.6% in the third quarter. Greystone Managed Investments Inc. now owns 154,743 shares of the financial services provider’s stock valued at $10,631,000 after purchasing an additional 6,736 shares in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intercontinental Exchange Inc (NYSE:ICE) opened at $75.67 on Tuesday. Intercontinental Exchange Inc has a 52 week low of $57.91 and a 52 week high of $76.30. The firm has a market capitalization of $44,060.00, a P/E ratio of 25.74, a P/E/G ratio of 2.66 and a beta of 0.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, September 12th. This represents a $0.96 annualized dividend and a yield of 1.27%. Intercontinental Exchange’s dividend payout ratio (DPR) is 27.21%.
A number of research analysts have commented on ICE shares. Bank of America lowered their target price on Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Argus restated a “buy” rating and issued a $67.00 target price (down previously from $80.00) on shares of Intercontinental Exchange in a research note on Friday, February 9th. Berenberg Bank started coverage on Intercontinental Exchange in a research note on Thursday, January 25th. They issued a “buy” rating and a $90.00 target price on the stock. JPMorgan Chase & Co. upgraded Intercontinental Exchange from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $76.00 to $83.00 in a research note on Tuesday, February 20th. Finally, Zacks Investment Research downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Intercontinental Exchange currently has an average rating of “Buy” and a consensus target price of $76.62.
In other Intercontinental Exchange news, insider Thomas W. Farley sold 18,046 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $73.97, for a total value of $1,334,862.62. Following the completion of the transaction, the insider now owns 86,293 shares of the company’s stock, valued at approximately $6,383,093.21. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dean S. Mathison sold 2,570 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $69.77, for a total value of $179,308.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 186,201 shares of company stock valued at $13,690,343. Insiders own 1.50% of the company’s stock.
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Intercontinental Exchange Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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