Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,363 shares of the financial services provider’s stock after purchasing an additional 13,599 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Intercontinental Exchange were worth $37,456,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ICE. Capital Performance Advisors LLP acquired a new stake in shares of Intercontinental Exchange during the third quarter worth approximately $29,000. CWA Asset Management Group LLC acquired a new stake in shares of Intercontinental Exchange during the third quarter worth approximately $859,000. Verdence Capital Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the third quarter worth approximately $247,000. Assetmark Inc. grew its position in shares of Intercontinental Exchange by 26.7% during the third quarter. Assetmark Inc. now owns 16,481 shares of the financial services provider’s stock worth $2,648,000 after buying an additional 3,469 shares in the last quarter. Finally, Essex Savings Bank acquired a new stake in shares of Intercontinental Exchange during the third quarter worth approximately $230,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ICE shares. Keefe, Bruyette & Woods lifted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Barclays lifted their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Three 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.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 17,104 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the sale, the president now directly owns 155,174 shares of the company’s stock, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. This represents a 27.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,313 shares of company stock valued at $11,113,733. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock opened at $169.29 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $159.86 and its two-hundred day moving average price is $159.38. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $175.41. The stock has a market cap of $97.27 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS 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%. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

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.