1,993 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI bought a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,993 shares of the financial services provider’s stock, valued at approximately $256,000.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB increased its position in Intercontinental Exchange by 27.3% in the fourth quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock worth $7,311,000 after purchasing an additional 12,208 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Intercontinental Exchange by 7.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 126,854 shares of the financial services provider’s stock valued at $13,956,000 after buying an additional 8,320 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Intercontinental Exchange by 9.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,235,985 shares of the financial services provider’s stock worth $158,738,000 after buying an additional 105,042 shares during the last quarter. First County Bank CT boosted its stake in Intercontinental Exchange by 2.7% during the third quarter. First County Bank CT now owns 3,811 shares of the financial services provider’s stock worth $419,000 after buying an additional 100 shares during the period. Finally, CIC Wealth LLC bought a new position in Intercontinental Exchange during the fourth quarter valued at $221,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ICE. UBS Group upped their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, February 12th. Citigroup raised their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. increased their target price on Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Rosenblatt Securities upped their target price on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $152.00 price target on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Three 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $148.08.

Insider Activity at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the transaction, the chief executive officer now directly owns 1,179,895 shares of the company’s stock, valued at $161,893,392.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the sale, the chief executive officer now owns 1,179,895 shares in the company, valued at $161,893,392.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Warren Gardiner sold 500 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $138.83, for a total value of $69,415.00. Following the completion of the transaction, the chief financial officer now directly owns 18,326 shares of the company’s stock, valued at approximately $2,544,198.58. The disclosure for this sale can be found here. Insiders sold 157,491 shares of company stock valued at $21,454,204 over the last 90 days. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 0.3 %

Intercontinental Exchange stock opened at $131.65 on Tuesday. Intercontinental Exchange, Inc. has a twelve month low of $103.81 and a twelve month high of $140.43. The business has a fifty day moving average of $136.20 and a two-hundred day moving average of $124.80. The firm has a market cap of $75.39 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.08 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. On average, analysts forecast that Intercontinental Exchange, Inc. will post 5.98 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. Intercontinental Exchange’s payout ratio is 42.86%.

Intercontinental Exchange Profile

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.