Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Bank of Nova Scotia Trust Co.

Bank of Nova Scotia Trust Co. grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 12.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,421 shares of the financial services provider’s stock after buying an additional 266 shares during the period. Bank of Nova Scotia Trust Co.’s holdings in Intercontinental Exchange were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Intercontinental Exchange by 541.1% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 115,498 shares of the financial services provider’s stock valued at $17,210,000 after acquiring an additional 97,481 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Intercontinental Exchange by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,843,440 shares of the financial services provider’s stock valued at $274,702,000 after purchasing an additional 52,346 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Intercontinental Exchange by 703.3% in the 4th quarter. First Trust Advisors LP now owns 124,533 shares of the financial services provider’s stock valued at $18,557,000 after purchasing an additional 109,031 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of Intercontinental Exchange by 9.4% during the 4th quarter. Forum Financial Management LP now owns 5,068 shares of the financial services provider’s stock worth $755,000 after purchasing an additional 436 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in Intercontinental Exchange by 0.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,006,928 shares of the financial services provider’s stock worth $149,950,000 after purchasing an additional 6,278 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on ICE. Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Bank of America reduced their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Barclays increased their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $182.47.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, insider Lynn C. Martin sold 4,155 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total transaction of $688,068.00. Following the sale, the insider now owns 57,376 shares in the company, valued at $9,501,465.60. This represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Douglas Foley sold 10,580 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the transaction, the senior vice president now directly owns 21,992 shares in the company, valued at approximately $3,661,008.24. This represents a 32.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,931 shares of company stock valued at $10,492,868. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

ICE stock opened at $158.34 on Friday. The stock’s 50 day moving average is $167.10 and its two-hundred day moving average is $160.49. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $177.45. The company has a market capitalization of $90.97 billion, a PE ratio of 33.13, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.21%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

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.