Candriam Luxembourg S.C.A. Has $9.57 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Candriam Luxembourg S.C.A. boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 21.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,000 shares of the financial services provider’s stock after purchasing an additional 12,185 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Intercontinental Exchange were worth $9,574,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of ICE. NuWave Investment Management LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at $25,000. CVA Family Office LLC lifted its stake in Intercontinental Exchange by 345.2% in the fourth quarter. CVA Family Office LLC now owns 187 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. Curi Wealth Management LLC bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $36,000. Finally, Consolidated Planning Corp bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

ICE has been the subject of a number of research analyst reports. Rosenblatt Securities reduced their price target on Intercontinental Exchange from $157.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Raymond James decreased their target price on Intercontinental Exchange from $161.00 to $157.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 6th. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Citigroup reduced their price objective on shares of Intercontinental Exchange from $160.00 to $152.00 in a research report on Wednesday, April 13th. Finally, UBS Group dropped their price objective on shares of Intercontinental Exchange from $164.00 to $149.00 in a research report on Friday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $142.55.

NYSE ICE opened at $95.11 on Thursday. The firm has a 50-day moving average price of $120.94 and a two-hundred day moving average price of $127.52. Intercontinental Exchange, Inc. has a 12-month low of $93.52 and a 12-month high of $139.79. The company has a market capitalization of $53.10 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.90 and a beta of 0.88. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.55.

Intercontinental Exchange (NYSE:ICEGet Rating) last released its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. Intercontinental Exchange had a net margin of 44.24% and a return on equity of 13.41%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 earnings per share. Equities analysts expect that Intercontinental Exchange, Inc. will post 5.52 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.60%. Intercontinental Exchange’s payout ratio is 21.11%.

In other Intercontinental Exchange news, COO Mark Wassersug sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $128.53, for a total transaction of $1,413,830.00. Following the completion of the transaction, the chief operating officer now directly owns 27,229 shares in the company, valued at $3,499,743.37. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David S. Goone sold 36,570 shares of the firm’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of $135.02, for a total value of $4,937,681.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,075 shares of company stock worth $9,882,941. 1.30% of the stock is currently owned by insiders.

Intercontinental Exchange Company Profile (Get Rating)

Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

See Also

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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