Livforsakringsbolaget Skandia Omsesidigt Takes Position in Intercontinental Exchange Inc. $ICE

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICEFree Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,398 shares of the financial services provider’s stock, valued at approximately $418,000.

Several other large investors also recently bought and sold shares of ICE. Rakuten Investment Management Inc. purchased a new position in Intercontinental Exchange in the 2nd quarter worth about $11,375,000. RB Capital Management LLC bought a new position in Intercontinental Exchange during the 2nd quarter valued at about $574,000. Glenview Trust Co purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $851,000. Empowered Funds LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $4,467,000. Finally, United Capital Financial Advisors LLC purchased a new position in shares of Intercontinental Exchange during the second quarter valued at approximately $2,358,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $162.46 on Friday. The firm has a fifty day moving average price of $144.90 and a 200-day moving average price of $151.50. 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 cap of $91.20 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.58 and a beta of 0.92. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $177.76.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. Intercontinental Exchange’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.81 EPS. Equities analysts anticipate that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Warren Gardiner sold 2,491 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $156.30, for a total value of $389,343.30. Following the completion of the transaction, the chief financial officer owned 22,698 shares of the company’s stock, valued at $3,547,697.40. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Martha A. Tirinnanzi sold 1,340 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $161.16, for a total value of $215,954.40. Following the sale, the director owned 3,747 shares of the company’s stock, valued at $603,866.52. This represents a 26.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,141 shares of company stock worth $3,554,192 in the last three months. 0.84% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Rothschild & Co Redburn set a $177.00 target price on shares of Intercontinental Exchange in a research report on Thursday, June 11th. Raymond James Financial set a $208.00 target price on shares of Intercontinental Exchange in a research note on Monday, July 6th. UBS Group reissued a “buy” rating and set a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Finally, The Goldman Sachs Group dropped their price target on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $183.33.

Read Our Latest Research Report on ICE

Intercontinental Exchange 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.

See Also

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

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