Delta Global Management LP lifted its holdings in Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 48.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 325,500 shares of the financial services provider’s stock after purchasing an additional 105,661 shares during the period. Intercontinental Exchange accounts for about 4.2% of Delta Global Management LP’s investment portfolio, making the stock its 3rd biggest holding. Delta Global Management LP’s holdings in Intercontinental Exchange were worth $51,195,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of ICE. Ares Financial Consulting LLC acquired a new position in Intercontinental Exchange during the fourth quarter worth $25,000. Steph & Co. lifted its position in shares of Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after buying an additional 89 shares during the last quarter. Brooklands Fund Management Ltd bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $28,000. Swiss RE Ltd. acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $28,000. Finally, Dorato Capital Management acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $29,000. 89.30% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the stock in a transaction 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 completion of the sale, the general counsel directly owned 45,473 shares of the company’s stock, valued at $6,891,887.88. This represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sharon Bowen sold 667 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the completion of the sale, the director owned 15,077 shares in the company, valued at $2,280,848.56. This represents a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,425 shares of company stock valued at $2,046,324 in the last 90 days. 0.84% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Intercontinental Exchange
Intercontinental Exchange Stock Performance
ICE opened at $145.93 on Friday. The firm has a market capitalization of $82.53 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 1.51 and a beta of 0.94. The stock’s 50 day moving average price is $139.50 and its two-hundred day moving average price is $154.08. 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 Inc. has a 12-month low of $121.79 and a 12-month high of $189.35.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping 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 company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the previous year, the business posted $1.72 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 8.01 earnings per share for the current 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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