Tocqueville Asset Management L.P. Has $26.36 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Tocqueville Asset Management L.P. raised its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 176,870 shares of the financial services provider’s stock after buying an additional 1,592 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Intercontinental Exchange were worth $26,355,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new position in Intercontinental Exchange during the third quarter valued at approximately $227,000. Empowered Funds LLC increased its stake in shares of Intercontinental Exchange by 8.6% during the 3rd quarter. Empowered Funds LLC now owns 10,829 shares of the financial services provider’s stock worth $1,740,000 after purchasing an additional 854 shares during the last quarter. Adero Partners LLC acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth $224,000. Quest Partners LLC raised its holdings in shares of Intercontinental Exchange by 56.5% during the 3rd quarter. Quest Partners LLC now owns 14,055 shares of the financial services provider’s stock valued at $2,258,000 after purchasing an additional 5,074 shares in the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at $467,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 1.1 %

Shares of ICE opened at $172.92 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day simple moving average of $162.01 and a 200-day simple moving average of $159.72. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $175.41. The firm has a market capitalization of $99.35 billion, a P/E ratio of 36.17, a P/E/G ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 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%. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.11%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Analyst Ratings Changes

Several research firms have commented on ICE. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group upped their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the sale, the president now owns 164,041 shares in the company, valued at approximately $27,183,234.11. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,313 shares of company stock valued at $11,113,733 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

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.