Altrafin AG purchased a new stake in Intercontinental Exchange Inc. (NYSE:ICE – Free Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 57,328 shares of the financial services provider’s stock, valued at approximately $9,285,000. Intercontinental Exchange accounts for about 2.9% of Altrafin AG’s portfolio, making the stock its 13th biggest position.
A number of other institutional investors have also made changes to their positions in the business. Aptus Capital Advisors LLC increased its stake in shares of Intercontinental Exchange by 2.9% in the fourth quarter. Aptus Capital Advisors LLC now owns 108,439 shares of the financial services provider’s stock worth $17,563,000 after purchasing an additional 3,016 shares during the period. Kestra Advisory Services LLC increased its stake in shares of Intercontinental Exchange by 31.3% in the fourth quarter. Kestra Advisory Services LLC now owns 33,270 shares of the financial services provider’s stock worth $5,388,000 after purchasing an additional 7,932 shares during the period. Transamerica Financial Advisors LLC increased its stake in shares of Intercontinental Exchange by 57.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 312 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 114 shares during the period. Fairbanks Capital Management Inc. increased its stake in shares of Intercontinental Exchange by 2.5% in the fourth quarter. Fairbanks Capital Management Inc. now owns 10,133 shares of the financial services provider’s stock worth $1,641,000 after purchasing an additional 247 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Intercontinental Exchange by 6.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,986 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 118 shares during the period. 89.30% of the stock is currently owned by institutional investors.
Intercontinental Exchange Stock Up 0.9%
ICE stock opened at $140.26 on Friday. Intercontinental Exchange Inc. has a twelve month low of $136.67 and a twelve month high of $189.35. The company has a market cap of $79.32 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. The business’s 50-day simple moving average is $154.22 and its 200 day simple moving average is $159.27. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.
Analysts Set New Price Targets
A number of research firms have recently commented on ICE. Morgan Stanley lifted their price objective on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. Keefe, Bruyette & Woods began coverage on Intercontinental Exchange in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research note on Friday, March 6th. Rothschild & Co Redburn set a $177.00 price objective on Intercontinental Exchange in a research note on Thursday. Finally, UBS Group reiterated a “buy” rating and issued a $205.00 price objective on shares of Intercontinental Exchange in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus target price of $193.00.
View Our Latest Stock Report on Intercontinental Exchange
Insider Transactions at Intercontinental Exchange
In related news, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $155.42, for a total transaction of $663,798.82. Following the sale, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at $10,081,939.98. This trade represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 4,573 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $151.56, for a total value of $693,083.88. Following the sale, the general counsel directly owned 45,473 shares in the company, valued at $6,891,887.88. The trade was a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,092 shares of company stock valued at $1,860,424 in the last ninety days. 0.84% of the stock is owned by corporate insiders.
Intercontinental Exchange Profile
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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