Altman Advisors Inc. acquired a new position in Intercontinental Exchange Inc (NYSE:ICE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,881 shares of the financial services provider’s stock, valued at approximately $1,756,000.
Other hedge funds have also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI bought a new stake in Intercontinental Exchange in the 3rd quarter worth about $380,000. AXA grew its position in Intercontinental Exchange by 6.8% in the 3rd quarter. AXA now owns 255,959 shares of the financial services provider’s stock worth $17,585,000 after purchasing an additional 16,304 shares in the last quarter. Lazard Asset Management LLC grew its position in Intercontinental Exchange by 1.1% in the 4th quarter. Lazard Asset Management LLC now owns 6,126,380 shares of the financial services provider’s stock worth $432,276,000 after purchasing an additional 63,944 shares in the last quarter. Bank of Montreal Can grew its position in Intercontinental Exchange by 17.9% in the 4th quarter. Bank of Montreal Can now owns 563,903 shares of the financial services provider’s stock worth $39,789,000 after purchasing an additional 85,435 shares in the last quarter. Finally, Greystone Managed Investments Inc. grew its position in Intercontinental Exchange by 4.6% in the 3rd quarter. Greystone Managed Investments Inc. now owns 154,743 shares of the financial services provider’s stock worth $10,631,000 after purchasing an additional 6,736 shares in the last quarter. 90.73% of the stock is owned by institutional investors and hedge funds.
ICE has been the subject of a number of recent analyst reports. Argus upped their price objective on shares of Intercontinental Exchange from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Wednesday, January 3rd. Bank of America reduced their price objective on shares of Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. JPMorgan Chase & Co. raised shares of Intercontinental Exchange from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $76.00 to $83.00 in a research report on Tuesday, February 20th. Finally, Berenberg Bank began coverage on shares of Intercontinental Exchange in a research report on Thursday, January 25th. They issued a “buy” rating and a $90.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $76.62.
Intercontinental Exchange Inc (NYSE:ICE) opened at $74.06 on Tuesday. Intercontinental Exchange Inc has a 52-week low of $57.91 and a 52-week high of $76.30. The firm has a market cap of $43,398.39, a P/E ratio of 17.47, a PEG ratio of 2.61 and a beta of 0.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99.
Intercontinental Exchange (NYSE:ICE) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.01. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 10.83%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $0.71 EPS. The company’s revenue was up .5% compared to the same quarter last year. sell-side analysts anticipate that Intercontinental Exchange Inc will post 3.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, September 12th. Intercontinental Exchange’s dividend payout ratio is currently 22.64%.
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Intercontinental Exchange Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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