Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 46.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 54,419 shares of the financial services provider’s stock after purchasing an additional 17,189 shares during the period. Mizuho Securities USA LLC’s holdings in Intercontinental Exchange were worth $8,109,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC acquired a new stake in Intercontinental Exchange in the 3rd quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $34,000. BankPlus Trust Department acquired a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $40,000. Finally, Golden State Wealth Management LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 17,104 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the sale, the president now owns 155,174 shares of the company’s stock, valued at $25,855,091.88. This trade represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now directly owns 17,972 shares in the company, valued at approximately $3,001,144.28. The trade was a 27.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock valued at $10,998,990 over the last quarter. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ICE shares. Keefe, Bruyette & Woods boosted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays boosted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note 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 for the company in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Trading Down 0.7 %

NYSE:ICE opened at $174.42 on Friday. The stock has a fifty day moving average price of $164.29 and a two-hundred day moving average price of $160.08. The stock has a market capitalization of $100.22 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.99.

Intercontinental Exchange (NYSE:ICE) last posted 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 net margin of 23.42% and a return on equity of 12.95%. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is currently 40.17%.

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.