Intact Investment Management Inc. Buys 1,370 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Intact Investment Management Inc. raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 41.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,700 shares of the financial services provider’s stock after acquiring an additional 1,370 shares during the period. Intact Investment Management Inc.’s holdings in Intercontinental Exchange were worth $700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in Intercontinental Exchange during the 4th quarter valued at about $25,000. FSA Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $31,000. BankPlus Trust Department purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $40,000. Golden State Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $51,000. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $55,000. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the transaction, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,313 shares of company stock worth $11,113,733. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 1.3 %

Shares of ICE opened at $171.28 on Friday. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $175.41. The company has a market cap of $98.41 billion, a PE ratio of 35.83, a P/E/G ratio of 2.10 and a beta of 1.08. The business has a fifty day moving average of $161.47 and a 200 day moving average of $159.64. 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 released its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.12%. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped 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. Barclays increased their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, UBS Group increased their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.80.

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.