Capital International Sarl grew its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 309.0% in the 4th quarter, Holdings Channel reports. The fund owned 66,070 shares of the financial services provider’s stock after buying an additional 49,916 shares during the period. Capital International Sarl’s holdings in Intercontinental Exchange were worth $10,701,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Intercontinental Exchange by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider’s stock worth $8,770,647,000 after acquiring an additional 413,639 shares in the last quarter. State Street Corp raised its stake in Intercontinental Exchange by 0.8% during the third quarter. State Street Corp now owns 24,816,744 shares of the financial services provider’s stock worth $4,181,125,000 after acquiring an additional 194,325 shares in the last quarter. Wellington Management Group LLP raised its stake in Intercontinental Exchange by 64.7% during the third quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock worth $1,744,480,000 after acquiring an additional 4,067,922 shares in the last quarter. Norges Bank acquired a new position in Intercontinental Exchange during the fourth quarter worth about $1,418,228,000. Finally, Capital World Investors raised its stake in Intercontinental Exchange by 15.2% during the third quarter. Capital World Investors now owns 7,028,964 shares of the financial services provider’s stock worth $1,184,238,000 after acquiring an additional 928,047 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.
Insider Buying and Selling
In related news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was 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. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Warren Gardiner sold 2,490 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 25,189 shares in the company, valued at $3,945,604.96. The trade was a 9.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 12,001 shares of company stock valued at $1,847,820. Insiders own 0.84% of the company’s stock.
Analyst Upgrades and Downgrades
Intercontinental Exchange Stock Performance
Intercontinental Exchange stock opened at $141.36 on Friday. The business has a 50 day moving average of $155.83 and a 200-day moving average of $159.72. Intercontinental Exchange Inc. has a 1 year low of $136.67 and a 1 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 company has a market capitalization of $79.94 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.36 and a beta of 0.92.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the prior year, the business posted $1.72 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. On average, equities research analysts predict that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.
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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