Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,398 shares of the financial services provider’s stock, valued at approximately $418,000.
Several other large investors also recently bought and sold shares of ICE. Rakuten Investment Management Inc. purchased a new position in Intercontinental Exchange in the 2nd quarter worth about $11,375,000. RB Capital Management LLC bought a new position in Intercontinental Exchange during the 2nd quarter valued at about $574,000. Glenview Trust Co purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $851,000. Empowered Funds LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $4,467,000. Finally, United Capital Financial Advisors LLC purchased a new position in shares of Intercontinental Exchange during the second quarter valued at approximately $2,358,000. 89.30% of the stock is currently owned by institutional investors.
Intercontinental Exchange Stock Performance
Shares of NYSE ICE opened at $162.46 on Friday. The firm has a fifty day moving average price of $144.90 and a 200-day moving average price of $151.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $91.20 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.58 and a beta of 0.92. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $177.76.
Insiders Place Their Bets
In other news, CFO Warren Gardiner sold 2,491 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $156.30, for a total value of $389,343.30. Following the completion of the transaction, the chief financial officer owned 22,698 shares of the company’s stock, valued at $3,547,697.40. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Martha A. Tirinnanzi sold 1,340 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $161.16, for a total value of $215,954.40. Following the sale, the director owned 3,747 shares of the company’s stock, valued at $603,866.52. This represents a 26.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,141 shares of company stock worth $3,554,192 in the last three months. 0.84% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Rothschild & Co Redburn set a $177.00 target price on shares of Intercontinental Exchange in a research report on Thursday, June 11th. Raymond James Financial set a $208.00 target price on shares of Intercontinental Exchange in a research note on Monday, July 6th. UBS Group reissued a “buy” rating and set a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Finally, The Goldman Sachs Group dropped their price target on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $183.33.
Read Our Latest Research Report on ICE
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.
See Also
- Five stocks we like better than Intercontinental Exchange
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc. (NYSE:ICE – Free Report).
Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.
