Czech National Bank Buys 6,302 Shares of Intercontinental Exchange Inc. $ICE

Czech National Bank grew its stake in shares of Intercontinental Exchange Inc. (NYSE:ICEFree Report) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,966 shares of the financial services provider’s stock after acquiring an additional 6,302 shares during the period. Czech National Bank’s holdings in Intercontinental Exchange were worth $19,817,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $25,000. Steph & Co. lifted its position in shares of Intercontinental Exchange by 104.7% during the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 89 shares during the period. Brooklands Fund Management Ltd acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth $28,000. Swiss RE Ltd. bought a new position in shares of Intercontinental Exchange in the fourth quarter worth $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Intercontinental Exchange in the fourth quarter worth $30,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE opened at $150.35 on Friday. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $189.35. The business has a 50-day simple moving average of $139.52 and a two-hundred day simple moving average of $152.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The stock has a market cap of $84.40 billion, a PE ratio of 21.24, a PEG ratio of 1.48 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $1.81 earnings per share. Analysts anticipate that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $155.42, for a total value of $663,798.82. Following the transaction, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at $10,081,939.98. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Douglas Foley sold 7,300 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $148.88, for a total value of $1,086,824.00. Following the completion of the sale, the senior vice president owned 19,063 shares in the company, valued at $2,838,099.44. The trade was a 27.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 20,725 shares of company stock worth $3,133,148. 0.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $178.00 price objective on shares of Intercontinental Exchange in a research report on Friday, July 31st. The Goldman Sachs Group lowered their price target on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Barclays restated an “overweight” rating and set a $182.00 price objective (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Piper Sandler reduced their price objective on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Finally, Raymond James Financial set a $208.00 target price on Intercontinental Exchange in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $183.33.

Check Out Our Latest Report on Intercontinental Exchange

Intercontinental Exchange Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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