Banco Santander S.A. Raises Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Banco Santander S.A. increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,949 shares of the financial services provider’s stock after buying an additional 1,101 shares during the quarter. Banco Santander S.A.’s holdings in Intercontinental Exchange were worth $23,767,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ICE. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at about $25,000. International Assets Investment Management LLC purchased a new stake in Intercontinental Exchange in the second quarter valued at $25,000. Fairscale Capital LLC acquired a new position in Intercontinental Exchange in the second quarter valued at about $25,000. Wolff Wiese Magana LLC lifted its holdings in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the 3rd quarter worth approximately $26,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 0.8 %

ICE stock opened at $157.00 on Thursday. The firm’s 50-day simple moving average is $160.73 and its 200 day simple moving average is $150.67. The stock has a market cap of $90.15 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a fifty-two week low of $111.82 and a fifty-two week high of $167.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on ICE shares. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays lowered their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Bank of America upped their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned 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 $174.13.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 4.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO James W. Namkung sold 1,171 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $160.00, for a total value of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares in the company, valued at approximately $2,666,400. This trade represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is owned by company insiders.

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.