Mn Services Vermogensbeheer B.V. lifted its position in Intercontinental Exchange Inc (NYSE:ICE) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,614 shares of the financial services provider’s stock after acquiring an additional 2,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Intercontinental Exchange were worth $7,585,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in Intercontinental Exchange by 43.5% in the 3rd quarter. Morgan Stanley now owns 1,470,915 shares of the financial services provider’s stock valued at $110,156,000 after buying an additional 446,018 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in Intercontinental Exchange in the 4th quarter valued at $47,000. Ipswich Investment Management Co. Inc. purchased a new stake in Intercontinental Exchange in the 4th quarter valued at $75,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Intercontinental Exchange by 14.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 20,012 shares of the financial services provider’s stock worth $1,507,000 after purchasing an additional 2,512 shares during the period. Finally, Highwater Wealth Management LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.
ICE stock opened at $81.31 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $45.85 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.63 and a beta of 0.50. Intercontinental Exchange Inc has a 1 year low of $69.33 and a 1 year high of $82.65.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. Intercontinental Exchange’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. Equities analysts forecast that Intercontinental Exchange Inc will post 3.73 EPS for the current fiscal year.
In other news, CEO Jeffrey C. Sprecher sold 92,502 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $74.33, for a total transaction of $6,875,673.66. Following the sale, the chief executive officer now owns 1,553,471 shares of the company’s stock, valued at approximately $115,469,499.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 1,200 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $81.00, for a total value of $97,200.00. Following the sale, the general counsel now directly owns 41,161 shares in the company, valued at approximately $3,334,041. The disclosure for this sale can be found here. Insiders have sold a total of 215,457 shares of company stock worth $16,327,598 in the last three months. Corporate insiders own 1.50% of the company’s stock.
ICE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $85.50 price target on shares of Intercontinental Exchange in a report on Monday, February 11th. Wells Fargo & Co reiterated a “hold” rating on shares of Intercontinental Exchange in a report on Thursday, February 7th. Deutsche Bank lowered their price target on Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a report on Friday, March 15th. Citigroup upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 price target for the company in a report on Tuesday, January 22nd. Finally, ValuEngine cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Intercontinental Exchange has an average rating of “Buy” and an average price target of $85.55.
Intercontinental Exchange Profile
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, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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