Natixis Advisors LLC Has $315.60 Million Position in Intercontinental Exchange Inc. $ICE

Natixis Advisors LLC lifted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 5.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,948,635 shares of the financial services provider’s stock after buying an additional 93,291 shares during the quarter. Natixis Advisors LLC’s holdings in Intercontinental Exchange were worth $315,601,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new stake in Intercontinental Exchange during the fourth quarter worth about $25,000. Dorato Capital Management purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at $29,000. Steph & Co. lifted its position in shares of Intercontinental Exchange by 104.7% during the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after buying an additional 89 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Intercontinental Exchange during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ICE. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Barclays reiterated an “overweight” rating and issued a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. Piper Sandler reiterated an “overweight” rating and issued a $211.00 target price (up from $195.00) on shares of Intercontinental Exchange in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods began coverage on shares of Intercontinental Exchange in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 target price for the company. Finally, Weiss Ratings downgraded shares of Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Buy” and an average price target of $194.60.

Intercontinental Exchange Trading Down 1.8%

ICE stock opened at $145.23 on Tuesday. The company has a market capitalization of $82.13 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. Intercontinental Exchange Inc. has a one year low of $143.01 and a one year high of $189.35. The company’s 50 day moving average price is $157.12 and its two-hundred day moving average price is $160.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly 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. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $1.72 earnings per share. As a group, analysts predict that Intercontinental Exchange Inc. will post 8.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,573 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $151.56, for a total transaction of $693,083.88. Following the transaction, the general counsel directly owned 45,473 shares of the company’s stock, valued at approximately $6,891,887.88. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total transaction of $390,033.60. Following the transaction, the chief financial officer directly owned 25,189 shares in the company, valued at $3,945,604.96. This trade represents a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 12,001 shares of company stock valued at $1,847,820. 0.84% of the stock is owned by insiders.

Intercontinental Exchange Company Profile

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.