WINTON GROUP Ltd acquired a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 24,870 shares of the financial services provider's stock, valued at approximately $3,404,000.
Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Intercontinental Exchange by 35.0% during the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider's stock valued at $2,105,994,000 after purchasing an additional 4,251,371 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Intercontinental Exchange by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider's stock valued at $3,253,000 after purchasing an additional 1,991 shares in the last quarter. Point72 Europe London LLP lifted its holdings in shares of Intercontinental Exchange by 10.9% during the 4th quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider's stock valued at $8,515,000 after purchasing an additional 6,500 shares in the last quarter. Perpetual Ltd lifted its holdings in shares of Intercontinental Exchange by 0.4% during the 1st quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider's stock valued at $204,495,000 after purchasing an additional 6,272 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Intercontinental Exchange by 819.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider's stock valued at $18,764,000 after purchasing an additional 122,169 shares in the last quarter. Institutional investors own 89.30% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. StockNews.com lowered Intercontinental Exchange from a "hold" rating to a "sell" rating in a research report on Friday, September 6th. Argus reissued a "buy" rating and issued a $153.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Citigroup lifted their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 9th. Barclays lifted their target price on Intercontinental Exchange from $159.00 to $167.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group raised Intercontinental Exchange from a "neutral" rating to a "buy" rating and lifted their target price for the company from $143.00 to $167.00 in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus price target of $154.93.
Get Our Latest Research Report on ICE
Insider Transactions at Intercontinental Exchange
In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the transaction, the general counsel now directly owns 46,815 shares in the company, valued at approximately $6,397,737.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the business's stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the sale, the general counsel now directly owns 46,815 shares in the company, valued at approximately $6,397,737.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the business's stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the completion of the sale, the chief executive officer now owns 1,179,993 shares of the company's stock, valued at $167,181,408.24. The disclosure for this sale can be found here. In the last three months, insiders sold 67,096 shares of company stock worth $9,593,983. 1.10% of the stock is owned by company insiders.
Intercontinental Exchange Stock Performance
Shares of NYSE ICE traded up $0.22 during midday trading on Friday, hitting $161.36. 2,418,684 shares of the company's stock were exchanged, compared to its average volume of 2,470,908. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $163.71. The company's 50 day moving average price is $154.20 and its 200 day moving average price is $142.00. The firm has a market capitalization of $92.55 billion, a PE ratio of 37.01, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm's revenue for the quarter was up 22.7% compared to the same quarter last year. As a group, analysts predict that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.
About Intercontinental Exchange
(
Free Report)
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.
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