BNP Paribas increased its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 144.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,908 shares of the financial services provider’s stock after acquiring an additional 8,220 shares during the quarter. BNP Paribas’ holdings in Intercontinental Exchange were worth $2,253,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICE. Ares Financial Consulting LLC bought a new stake in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Holos Integrated Wealth LLC bought a new position in Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Steph & Co. lifted its stake in Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after buying an additional 89 shares in the last quarter. Dorato Capital Management acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth $30,000. 89.30% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Piper Sandler restated an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings downgraded Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Barclays restated an “overweight” rating and issued a $201.00 price target (up from $198.00) on shares of Intercontinental Exchange in a report on Friday, May 1st. Finally, UBS Group reiterated a “buy” rating and set a $205.00 price objective on shares of Intercontinental Exchange in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Buy” and an average price target of $194.60.
Insider Buying and Selling
In related news, CFO Warren Gardiner sold 2,490 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total value of $390,033.60. Following the completion of the transaction, the chief financial officer directly owned 25,189 shares of the company’s stock, valued at approximately $3,945,604.96. This trade represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mayur Kapani sold 4,271 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $155.42, for a total transaction of $663,798.82. Following the transaction, the chief technology officer owned 64,869 shares in the company, valued at approximately $10,081,939.98. The trade was a 6.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,001 shares of company stock valued at $1,847,820 in the last ninety days. 0.84% of the stock is owned by company insiders.
Intercontinental Exchange Trading Down 1.7%
Shares of NYSE:ICE opened at $142.53 on Wednesday. The company’s 50-day moving average price is $157.12 and its two-hundred day moving average price is $160.10. Intercontinental Exchange Inc. has a one year low of $136.67 and a one year high of $189.35. 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 capitalization of $80.60 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.12. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.Intercontinental Exchange’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 EPS. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal 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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