Bessemer Group Inc. decreased its position in Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,891,916 shares of the financial services provider’s stock after selling 63,707 shares during the quarter. Intercontinental Exchange comprises 0.7% of Bessemer Group Inc.’s investment portfolio, making the stock its 21st biggest position. Bessemer Group Inc.’s holdings in Intercontinental Exchange were worth $468,375,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. ICONIQ Capital LLC increased its stake in Intercontinental Exchange by 2.2% in the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 56 shares during the last quarter. Mechanics Financial Corp increased its stake in Intercontinental Exchange by 1.0% in the 4th quarter. Mechanics Financial Corp now owns 6,138 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 60 shares during the last quarter. Aaron Wealth Advisors LLC increased its stake in Intercontinental Exchange by 1.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,384 shares of the financial services provider’s stock worth $548,000 after acquiring an additional 63 shares during the last quarter. Evergreen Capital Management LLC increased its stake in Intercontinental Exchange by 1.5% in the 4th quarter. Evergreen Capital Management LLC now owns 4,207 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 63 shares during the last quarter. Finally, Sather Financial Group Inc increased its position in shares of Intercontinental Exchange by 4.7% during the 4th quarter. Sather Financial Group Inc now owns 1,440 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.
Insider Activity at Intercontinental Exchange
In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $155.00, for a total value of $23,250,000.00. Following the completion of the sale, the chief executive officer directly owned 1,651,705 shares in the company, valued at approximately $256,014,275. This represents a 8.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lynn C. Martin sold 13,456 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $153.86, for a total value of $2,070,340.16. Following the completion of the sale, the insider owned 54,319 shares of the company’s stock, valued at $8,357,521.34. This represents a 19.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 330,835 shares of company stock worth $51,275,650 over the last quarter. 0.84% of the stock is owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Intercontinental Exchange
Intercontinental Exchange Price Performance
ICE opened at $155.65 on Friday. The business has a fifty day moving average of $159.50 and a 200 day moving average of $159.98. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The stock has a market cap of $88.02 billion, a P/E ratio of 22.66, a PEG ratio of 1.43 and a beta of 0.96.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the previous year, the business earned $1.72 EPS. Intercontinental Exchange’s revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.
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