Axa S.A. Acquires 6,142 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Axa S.A. grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 569,107 shares of the financial services provider’s stock after purchasing an additional 6,142 shares during the period. Axa S.A. owned about 0.10% of Intercontinental Exchange worth $84,803,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of ICE. Visualize Group LP purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $12,919,000. South Plains Financial Inc. bought a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $843,000. LGT Financial Advisors LLC boosted its stake in shares of Intercontinental Exchange by 1,097.6% in the 4th quarter. LGT Financial Advisors LLC now owns 491 shares of the financial services provider’s stock worth $73,000 after buying an additional 450 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Intercontinental Exchange by 2.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 7,030 shares of the financial services provider’s stock valued at $1,048,000 after acquiring an additional 187 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Intercontinental Exchange during the fourth quarter worth $44,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $173.29 on Friday. 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 stock has a market capitalization of $99.55 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a 52-week low of $127.80 and a 52-week high of $177.45. The stock’s 50-day simple moving average is $166.47 and its 200 day simple moving average is $160.64.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $1.48 earnings per share. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.11%. Intercontinental Exchange’s payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ICE. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price objective 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. Bank of America reduced their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.27.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the company’s stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now directly owns 21,364 shares in the company, valued at $3,396,876. This represents a 10.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lynn C. Martin sold 4,155 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.60, for a total value of $688,068.00. Following the sale, the insider now owns 57,376 shares of the company’s stock, valued at approximately $9,501,465.60. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,931 shares of company stock worth $10,492,868. Corporate insiders own 1.00% of the company’s stock.

About Intercontinental Exchange

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.