Forsta AP Fonden Raises Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Forsta AP Fonden boosted its position in Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,800 shares of the financial services provider’s stock after buying an additional 25,200 shares during the period. Forsta AP Fonden’s holdings in Intercontinental Exchange were worth $17,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ICE. Commonwealth Equity Services LLC boosted its position in Intercontinental Exchange by 13.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 34,378 shares of the financial services provider’s stock valued at $4,701,000 after buying an additional 4,203 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Intercontinental Exchange by 1,689.2% in the fourth quarter. Qube Research & Technologies Ltd now owns 144,676 shares of the financial services provider’s stock valued at $19,787,000 after buying an additional 136,590 shares during the last quarter. Waldron Private Wealth LLC boosted its position in Intercontinental Exchange by 7.9% in the fourth quarter. Waldron Private Wealth LLC now owns 3,104 shares of the financial services provider’s stock valued at $424,000 after buying an additional 228 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Intercontinental Exchange by 6.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 76,884 shares of the financial services provider’s stock worth $10,515,000 after purchasing an additional 4,467 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Intercontinental Exchange by 12.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 252,452 shares of the financial services provider’s stock worth $34,365,000 after purchasing an additional 28,774 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Intercontinental Exchange Stock Down 2.3 %

NYSE ICE opened at $105.02 on Friday. The business has a fifty day moving average price of $97.85 and a 200 day moving average price of $113.33. Intercontinental Exchange, Inc. has a one year low of $90.05 and a one year high of $139.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.01 and a current ratio of 1.04. The company has a market cap of $58.63 billion, a P/E ratio of 17.59, a P/E/G ratio of 2.75 and a beta of 0.90.

Intercontinental Exchange (NYSE:ICEGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The financial services provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.31 by $0.01. Intercontinental Exchange had a return on equity of 13.52% and a net margin of 35.58%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company earned $1.16 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Research analysts anticipate that Intercontinental Exchange, Inc. will post 5.36 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, September 15th. Intercontinental Exchange’s dividend payout ratio is currently 25.46%.

Analysts Set New Price Targets

Several research firms have commented on ICE. Argus lowered their price objective on Intercontinental Exchange from $148.00 to $138.00 in a research report on Wednesday, June 1st. Citigroup lowered their price objective on Intercontinental Exchange from $160.00 to $152.00 in a research report on Wednesday, April 13th. Keefe, Bruyette & Woods lowered Intercontinental Exchange from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $83.00 to $80.00 in a research report on Monday, May 9th. Jefferies Financial Group lowered their price objective on Intercontinental Exchange from $161.00 to $134.00 in a research report on Friday, May 20th. Finally, Morgan Stanley upped their price objective on Intercontinental Exchange from $145.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.91.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $99.08, for a total value of $158,528.00. Following the completion of the sale, the senior vice president now directly owns 24,002 shares of the company’s stock, valued at approximately $2,378,118.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $99.08, for a total value of $158,528.00. Following the completion of the sale, the senior vice president now directly owns 24,002 shares of the company’s stock, valued at approximately $2,378,118.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 492 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $93.61, for a total value of $46,056.12. Following the completion of the sale, the insider now directly owns 14,119 shares of the company’s stock, valued at $1,321,679.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,296 shares of company stock valued at $8,537,490. 1.30% of the stock is owned by insiders.

Intercontinental Exchange Company Profile

(Get Rating)

Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

Further Reading

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

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