Natixis Buys 137,021 Shares of Intercontinental Exchange Inc. $ICE

Natixis lifted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 113.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 257,568 shares of the financial services provider’s stock after purchasing an additional 137,021 shares during the period. Natixis’ holdings in Intercontinental Exchange were worth $47,256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Intercontinental Exchange by 51.3% during the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after buying an additional 1,169 shares during the period. Chicago Partners Investment Group LLC lifted its stake in Intercontinental Exchange by 11.7% in the first quarter. Chicago Partners Investment Group LLC now owns 2,651 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 277 shares during the period. AlphaCore Capital LLC bought a new position in Intercontinental Exchange during the 1st quarter worth about $425,000. Townsquare Capital LLC increased its position in Intercontinental Exchange by 65.2% during the 1st quarter. Townsquare Capital LLC now owns 19,925 shares of the financial services provider’s stock valued at $3,437,000 after purchasing an additional 7,865 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new position in Intercontinental Exchange during the 1st quarter valued at about $126,000. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a report on Wednesday, October 8th. Raymond James Financial upgraded Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price objective for the company in a report on Monday, October 13th. Morgan Stanley lowered their target price on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Finally, Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Buy” and a consensus price target of $194.70.

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 2,081 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $151.00, for a total value of $314,231.00. Following the completion of the transaction, the general counsel owned 44,212 shares of the company’s stock, valued at $6,676,012. The trade was a 4.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total value of $22,962,000.00. Following the completion of the sale, the chief executive officer owned 1,801,705 shares in the company, valued at $275,805,001.40. The trade was a 7.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 168,044 shares of company stock worth $25,832,095. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Down 0.9%

ICE stock opened at $157.63 on Monday. The firm’s fifty day simple moving average is $155.39 and its 200-day simple moving average is $170.68. The company has a market capitalization of $89.88 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a 12 month low of $142.29 and a 12 month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.71. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.55 earnings per share. As a group, equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Company 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.