Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 15.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 118,100 shares of the financial services provider’s stock after acquiring an additional 16,100 shares during the quarter. Forsta AP Fonden’s holdings in Intercontinental Exchange were worth $18,972,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Intercontinental Exchange by 22.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,827 shares of the financial services provider’s stock valued at $6,000,000 after acquiring an additional 7,049 shares during the period. Allworth Financial LP grew its stake in Intercontinental Exchange by 2.2% in the 3rd quarter. Allworth Financial LP now owns 4,556 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 96 shares during the period. Blackston Financial Advisory Group LLC grew its stake in Intercontinental Exchange by 40.1% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,968 shares of the financial services provider’s stock valued at $477,000 after acquiring an additional 849 shares during the period. Busey Bank lifted its holdings in Intercontinental Exchange by 16.0% in the 3rd quarter. Busey Bank now owns 2,852 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 393 shares in the last quarter. Finally, Silver Oak Securities Incorporated purchased a new position in Intercontinental Exchange in the 3rd quarter valued at $829,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,171 shares of Intercontinental Exchange stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $160.00, for a total value of $187,360.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,665 shares of the company’s stock, valued at $2,666,400. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher Scott Edmonds sold 602 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock valued at $1,202,259 in the last three months. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on ICE. Barclays raised their price objective on Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a report on Monday, October 7th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.93.

Intercontinental Exchange Stock Down 1.0 %

Shares of ICE opened at $165.31 on Friday. The firm has a market cap of $94.91 billion, a P/E ratio of 40.92, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $167.64. The company’s 50-day moving average price is $161.61 and its 200 day moving average price is $147.28. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. Intercontinental Exchange’s revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. On average, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.12 earnings per share for the current year.

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.