Tredje AP fonden lowered its stake in shares of Intercontinental Exchange Inc (NYSE:ICE) by 19.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,870 shares of the financial services provider’s stock after selling 9,604 shares during the quarter. Tredje AP fonden’s holdings in Intercontinental Exchange were worth $3,492,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of ICE. CI Investments Inc. grew its stake in shares of Intercontinental Exchange by 9.8% during the 4th quarter. CI Investments Inc. now owns 4,155 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 371 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Intercontinental Exchange by 2.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 132,242 shares of the financial services provider’s stock valued at $12,239,000 after purchasing an additional 3,159 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Intercontinental Exchange by 2.5% in the 4th quarter. AQR Capital Management LLC now owns 709,230 shares of the financial services provider’s stock valued at $65,639,000 after purchasing an additional 17,439 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in Intercontinental Exchange by 15.6% in the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,700 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 500 shares in the last quarter. Finally, Financial Counselors Inc. lifted its holdings in Intercontinental Exchange by 4.4% in the 1st quarter. Financial Counselors Inc. now owns 30,621 shares of the financial services provider’s stock valued at $2,473,000 after purchasing an additional 1,279 shares in the last quarter. Hedge funds and other institutional investors own 90.40% of the company’s stock.
NYSE ICE traded up $0.91 during trading on Friday, hitting $93.77. The stock had a trading volume of 1,747,467 shares, compared to its average volume of 2,658,635. The company has a market capitalization of $50.82 billion, a PE ratio of 25.01, a PEG ratio of 2.54 and a beta of 0.54. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $89.14 and a 200 day moving average price of $91.10. Intercontinental Exchange Inc has a twelve month low of $63.51 and a twelve month high of $101.93.
Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.04. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. Intercontinental Exchange had a return on equity of 13.85% and a net margin of 29.65%. Intercontinental Exchange’s revenue was up 22.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. On average, sell-side analysts anticipate that Intercontinental Exchange Inc will post 4.49 earnings per share for the current year.
Several research analysts have recently commented on the company. Barclays lifted their price target on Intercontinental Exchange from $95.00 to $100.00 in a report on Friday, May 1st. Deutsche Bank lifted their price target on Intercontinental Exchange from $105.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Wells Fargo & Co lifted their price target on Intercontinental Exchange from $95.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Oppenheimer cut their price objective on Intercontinental Exchange from $106.00 to $103.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Finally, Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating and set a $105.00 price objective for the company. in a research report on Thursday, March 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $102.21.
In other news, General Counsel Andrew J. Surdykowski sold 3,991 shares of Intercontinental Exchange stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $91.26, for a total value of $364,218.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey C. Sprecher sold 37,232 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $93.89, for a total value of $3,495,712.48. Following the completion of the transaction, the chief executive officer now owns 1,496,000 shares of the company’s stock, valued at approximately $140,459,440. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,223 shares of company stock valued at $19,123,431. 1.50% of the stock is currently owned by corporate insiders.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.
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