Robeco Institutional Asset Management B.V. reduced its position in Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 41.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 287,878 shares of the financial services provider’s stock after selling 204,325 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.05% of Intercontinental Exchange worth $43,766,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Rare Wolf Capital LLC lifted its position in Intercontinental Exchange by 9.2% in the 3rd quarter. Rare Wolf Capital LLC now owns 3,421 shares of the financial services provider’s stock worth $520,000 after buying an additional 287 shares during the last quarter. Revisor Wealth Management LLC boosted its stake in Intercontinental Exchange by 36.6% in the third quarter. Revisor Wealth Management LLC now owns 5,463 shares of the financial services provider’s stock worth $857,000 after buying an additional 1,463 shares in the last quarter. MBM Wealth Consultants LLC grew its position in Intercontinental Exchange by 7.3% during the third quarter. MBM Wealth Consultants LLC now owns 13,517 shares of the financial services provider’s stock valued at $2,055,000 after acquiring an additional 923 shares during the last quarter. Norway Savings Bank grew its position in Intercontinental Exchange by 1.1% during the third quarter. Norway Savings Bank now owns 17,188 shares of the financial services provider’s stock valued at $2,613,000 after acquiring an additional 188 shares during the last quarter. Finally, Net Worth Advisory Group grew its position in Intercontinental Exchange by 25.0% during the third quarter. Net Worth Advisory Group now owns 6,059 shares of the financial services provider’s stock valued at $918,000 after acquiring an additional 1,210 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.
Insider Transactions at Intercontinental Exchange
In other news, insider Christopher Edmonds sold 5,000 shares of Intercontinental Exchange stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total transaction of $802,950.00. Following the sale, the insider owned 14,367 shares of the company’s stock, valued at approximately $2,307,196.53. The trade was a 25.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martha Tirinnanzi sold 1,340 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $161.16, for a total transaction of $215,954.40. Following the transaction, the director owned 3,747 shares in the company, valued at $603,866.52. This represents a 26.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 41,179 shares of company stock worth $6,473,715. 0.84% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Jefferies Financial Group decreased their price target on shares of Intercontinental Exchange from $189.00 to $185.00 in a research note on Wednesday, October 7th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 7th. Barclays reaffirmed an “overweight” rating and set a $189.00 target price (up from $182.00) on shares of Intercontinental Exchange in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $178.00 target price (up from $169.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Finally, UBS Group reiterated a “buy” rating and issued a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average target price of $186.31.
Read Our Latest Report on Intercontinental Exchange
Intercontinental Exchange Stock Performance
Shares of ICE stock opened at $163.82 on Friday. The firm has a market capitalization of $91.97 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.46 and a beta of 0.94. The stock has a fifty day moving average of $157.10 and a 200 day moving average of $150.81. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $176.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the previous year, the firm earned $1.81 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts expect that Intercontinental Exchange Inc. will post 8.20 earnings per share for the current year.
About Intercontinental Exchange
Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.
ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.
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