MUFG Securities EMEA plc Purchases 62,599 Shares of Intercontinental Exchange Inc. $ICE

MUFG Securities EMEA plc lifted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 107.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 120,599 shares of the financial services provider’s stock after acquiring an additional 62,599 shares during the period. Intercontinental Exchange accounts for about 0.0% of MUFG Securities EMEA plc’s investment portfolio, making the stock its 20th largest holding. MUFG Securities EMEA plc’s holdings in Intercontinental Exchange were worth $22,126,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ICE. Price T Rowe Associates Inc. MD raised its position in shares of Intercontinental Exchange by 491.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider’s stock worth $1,109,780,000 after acquiring an additional 5,345,388 shares in the last quarter. Nuveen LLC bought a new position in shares of Intercontinental Exchange in the 1st quarter worth approximately $575,383,000. Wellington Management Group LLP raised its position in shares of Intercontinental Exchange by 113.9% in the 1st quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider’s stock worth $1,025,230,000 after acquiring an additional 3,165,381 shares in the last quarter. Bank of New York Mellon Corp increased its position in Intercontinental Exchange by 50.6% during the 1st quarter. Bank of New York Mellon Corp now owns 5,933,532 shares of the financial services provider’s stock valued at $1,023,534,000 after buying an additional 1,993,084 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Intercontinental Exchange by 31.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,575,859 shares of the financial services provider’s stock valued at $616,836,000 after buying an additional 861,679 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley reduced their price objective on Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Piper Sandler raised their price objective on Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Finally, Raymond James Financial raised Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price objective for the company in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus target price of $191.82.

Insider Buying and Selling at Intercontinental Exchange

In other news, COO Stuart Glen Williams sold 939 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $172.04, for a total value of $161,545.56. Following the transaction, the chief operating officer directly owned 16,624 shares in the company, valued at $2,859,992.96. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $175.62, for a total value of $280,992.00. Following the completion of the transaction, the senior vice president owned 25,796 shares in the company, valued at approximately $4,530,293.52. This trade represents a 5.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 240,162 shares of company stock worth $43,642,652. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $146.10 on Friday. The business’s fifty day simple moving average is $165.55 and its two-hundred day simple moving average is $173.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange Inc. has a 12 month low of $142.29 and a 12 month high of $189.35. The company has a market cap of $83.63 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 2.11 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the business posted $1.55 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. Research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

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.