Westwood Holdings Group Inc. raised its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,420,639 shares of the financial services provider’s stock after purchasing an additional 3,627 shares during the quarter. Westwood Holdings Group Inc. owned about 0.24% of Intercontinental Exchange worth $100,240,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI bought a new position in Intercontinental Exchange during the 3rd quarter valued at $380,000. Macquarie Group Ltd. boosted its stake in Intercontinental Exchange by 0.9% during the 3rd quarter. Macquarie Group Ltd. now owns 2,915,546 shares of the financial services provider’s stock valued at $200,298,000 after purchasing an additional 24,797 shares in the last quarter. AXA boosted its stake in Intercontinental Exchange by 6.8% during the 3rd quarter. AXA now owns 255,959 shares of the financial services provider’s stock valued at $17,585,000 after purchasing an additional 16,304 shares in the last quarter. Bank of Montreal Can boosted its stake in Intercontinental Exchange by 17.9% during the 4th quarter. Bank of Montreal Can now owns 563,903 shares of the financial services provider’s stock valued at $39,789,000 after purchasing an additional 85,435 shares in the last quarter. Finally, Greystone Managed Investments Inc. boosted its stake in Intercontinental Exchange by 4.6% during the 3rd 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 owned by hedge funds and other institutional investors.
In other news, CFO Scott A. Hill sold 7,526 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $75.00, for a total value of $564,450.00. Following the completion of the sale, the chief financial officer now owns 202,371 shares in the company, valued at $15,177,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas W. Farley sold 18,046 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $73.97, for a total value of $1,334,862.62. Following the completion of the sale, the insider now owns 86,293 shares of the company’s stock, valued at approximately $6,383,093.21. The disclosure for this sale can be found here. Insiders sold 186,201 shares of company stock valued at $13,690,343 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.
Intercontinental Exchange Inc (NYSE:ICE) traded up $0.38 on Friday, hitting $74.64. The stock had a trading volume of 508,009 shares, compared to its average volume of 2,773,785. The stock has a market capitalization of $43,270.29, a price-to-earnings ratio of 17.51, a P/E/G ratio of 2.60 and a beta of 0.65. Intercontinental Exchange Inc has a one year low of $57.91 and a one year high of $76.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.99.
Intercontinental Exchange (NYSE:ICE) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.01. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Intercontinental Exchange had a return on equity of 10.83% and a net margin of 43.09%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. equities analysts expect that Intercontinental Exchange Inc will post 3.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 13th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. Intercontinental Exchange’s payout ratio is currently 22.64%.
A number of equities research analysts have recently commented on ICE shares. Bank of America cut their price objective on Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Argus reiterated a “buy” rating and set a $67.00 price objective (down previously from $80.00) on shares of Intercontinental Exchange in a research report on Friday, February 9th. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Wednesday, January 3rd. Berenberg Bank started coverage on Intercontinental Exchange in a research report on Thursday, January 25th. They set a “buy” rating and a $90.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded Intercontinental Exchange from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $76.00 to $83.00 in a research report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $76.62.
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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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