Robeco Institutional Asset Management B.V. Has $286.86 Million Stock Position in Intercontinental Exchange Inc. $ICE

Robeco Institutional Asset Management B.V. increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 55.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,563,534 shares of the financial services provider’s stock after purchasing an additional 558,873 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.27% of Intercontinental Exchange worth $286,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC lifted its stake in Intercontinental Exchange by 187.3% in the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 103 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of Intercontinental Exchange by 595.8% in the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 143 shares in the last quarter. Activest Wealth Management boosted its position in Intercontinental Exchange by 4,050.0% during the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after buying an additional 162 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in Intercontinental Exchange during the 1st quarter valued at $30,000. Finally, Global Trust Asset Management LLC purchased a new stake in Intercontinental Exchange during the 1st quarter valued at $31,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $162.71 on Thursday. The firm has a market cap of $93.14 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 2.01 and a beta of 1.08. The company has a 50 day moving average price of $177.43 and a 200-day moving average price of $174.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.77 by $0.04. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 3,850 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $178.33, for a total transaction of $686,570.50. Following the transaction, the general counsel owned 46,293 shares of the company’s stock, valued at approximately $8,255,430.69. The trade was a 7.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judith A. Sprieser sold 2,900 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the transaction, the director directly owned 18,169 shares in the company, valued at $3,170,672.19. The trade was a 13.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 230,874 shares of company stock worth $42,187,714. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays raised their target price on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. UBS Group lifted their price target on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of Intercontinental Exchange from $195.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Piper Sandler boosted their target price on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley lowered their price target on shares of Intercontinental Exchange from $192.00 to $188.00 and set an “equal weight” rating on the stock in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.00.

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.