Capital International Sarl Acquires 2,905 Shares of Intercontinental Exchange Inc (NYSE:ICE)
Capital International Sarl raised its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,105 shares of the financial services provider’s stock after purchasing an additional 2,905 shares during the quarter. Capital International Sarl’s holdings in Intercontinental Exchange were worth $4,452,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. WCM Investment Management LLC purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth about $109,498,000. Tesco Pension Investment Ltd purchased a new stake in Intercontinental Exchange during the fourth quarter valued at about $84,901,000. Renaissance Technologies LLC lifted its holdings in Intercontinental Exchange by 3,386.1% during the fourth quarter. Renaissance Technologies LLC now owns 916,490 shares of the financial services provider’s stock valued at $84,821,000 after purchasing an additional 890,200 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Intercontinental Exchange by 12.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,534,983 shares of the financial services provider’s stock worth $512,263,000 after buying an additional 632,387 shares in the last quarter. Finally, GQG Partners LLC lifted its holdings in shares of Intercontinental Exchange by 17.7% in the fourth quarter. GQG Partners LLC now owns 3,991,356 shares of the financial services provider’s stock worth $369,553,000 after buying an additional 600,905 shares in the last quarter. Hedge funds and other institutional investors own 89.85% of the company’s stock.
Several research firms recently weighed in on ICE. Citigroup upped their price objective on shares of Intercontinental Exchange from $101.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Deutsche Bank raised their target price on shares of Intercontinental Exchange from $109.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Goldman Sachs Group upgraded shares of Intercontinental Exchange from a “buy” rating to a “conviction-buy” rating and set a $90.00 target price on the stock in a report on Tuesday. Zacks Investment Research lowered Intercontinental Exchange from a “hold” rating to a “sell” rating and set a $105.00 price target for the company. in a research note on Thursday, March 5th. Finally, Credit Suisse Group began coverage on Intercontinental Exchange in a research note on Monday, December 16th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $100.64.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.95 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.95. Intercontinental Exchange had a return on equity of 12.77% and a net margin of 29.52%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm earned $0.94 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that Intercontinental Exchange Inc will post 4.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. Intercontinental Exchange’s dividend payout ratio is presently 30.93%.
In other news, Director Charles R. Crisp sold 2,908 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $95.56, for a total transaction of $277,888.48. Following the sale, the director now directly owns 51,201 shares of the company’s stock, valued at approximately $4,892,767.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 175,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $87.22, for a total value of $15,263,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 349,409 shares of company stock worth $31,483,557. 1.50% of the stock is owned by insiders.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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