Compagnie Lombard Odier SCmA Has $99.78 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Compagnie Lombard Odier SCmA lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 20.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 578,434 shares of the financial services provider’s stock after purchasing an additional 98,971 shares during the period. Intercontinental Exchange accounts for approximately 1.2% of Compagnie Lombard Odier SCmA’s holdings, making the stock its 22nd largest holding. Compagnie Lombard Odier SCmA owned about 0.10% of Intercontinental Exchange worth $99,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ICE. Vanguard Group Inc. lifted its stake in Intercontinental Exchange by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider’s stock valued at $7,782,521,000 after buying an additional 538,670 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Intercontinental Exchange by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider’s stock worth $1,765,317,000 after purchasing an additional 327,637 shares during the period. Royal Bank of Canada raised its stake in Intercontinental Exchange by 132.9% in the fourth quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider’s stock valued at $1,359,173,000 after purchasing an additional 5,204,309 shares in the last quarter. Norges Bank bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at $1,196,258,000. Finally, Northern Trust Corp lifted its stake in shares of Intercontinental Exchange by 9.7% in the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider’s stock valued at $1,105,953,000 after acquiring an additional 655,247 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ICE. Barclays increased their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Bank of America reduced their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $188.46.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 3,848 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $179.12, for a total value of $689,253.76. Following the transaction, the general counsel now directly owns 48,480 shares in the company, valued at approximately $8,683,737.60. This trade represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martha A. Tirinnanzi sold 397 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $177.11, for a total value of $70,312.67. Following the completion of the sale, the director now owns 4,526 shares of the company’s stock, valued at $801,599.86. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 226,354 shares of company stock worth $40,512,695 in the last ninety days. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $177.43 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $101.78 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The business has a 50-day simple moving average of $169.28 and a two-hundred day simple moving average of $163.78. Intercontinental Exchange, Inc. has a fifty-two week low of $133.97 and a fifty-two week high of $180.89.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.08%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 39.75%.

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.