Mizuho Securities USA LLC Grows Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mizuho Securities USA LLC raised its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 46.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 54,419 shares of the financial services provider’s stock after buying an additional 17,189 shares during the quarter. Mizuho Securities USA LLC’s holdings in Intercontinental Exchange were worth $8,109,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ICE. Oppenheimer & Co. Inc. purchased a new position in shares of Intercontinental Exchange in the 3rd quarter worth about $227,000. Commerce Bank raised its holdings in shares of Intercontinental Exchange by 1.3% in the 3rd quarter. Commerce Bank now owns 23,970 shares of the financial services provider’s stock worth $3,851,000 after purchasing an additional 300 shares during the period. Intech Investment Management LLC raised its holdings in shares of Intercontinental Exchange by 45.7% in the 3rd quarter. Intech Investment Management LLC now owns 22,617 shares of the financial services provider’s stock worth $3,633,000 after purchasing an additional 7,090 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Intercontinental Exchange by 18.4% in the 3rd quarter. Pacer Advisors Inc. now owns 70,154 shares of the financial services provider’s stock worth $11,270,000 after purchasing an additional 10,917 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in shares of Intercontinental Exchange by 53.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 23,831 shares of the financial services provider’s stock valued at $3,728,000 after buying an additional 8,258 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Price Performance

Shares of ICE opened at $174.42 on Friday. The firm has a market cap 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 stock has a 50 day moving average of $164.29 and a 200-day moving average of $160.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $175.99.

Intercontinental Exchange (NYSE:ICE) last issued its 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, analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current 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 given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.10%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ICE shares. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $178.80.

Insider Activity at Intercontinental Exchange

In related news, SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. The trade was a 32.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the transaction, the president now owns 147,274 shares of the company’s stock, valued at $25,247,181.82. This represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,563 shares of company stock worth $10,998,990 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange 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.