Cooper Haims Advisors LLC purchased a new stake in shares of Intercontinental Exchange Inc (NYSE:ICE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,817 shares of the financial services provider’s stock, valued at approximately $1,433,000.
Other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Intercontinental Exchange by 3.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 129,416 shares of the financial services provider’s stock worth $9,748,000 after purchasing an additional 3,953 shares during the period. D.B. Root & Company LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at approximately $339,000. Cohen Lawrence B lifted its holdings in Intercontinental Exchange by 3.0% in the fourth quarter. Cohen Lawrence B now owns 21,077 shares of the financial services provider’s stock valued at $1,588,000 after acquiring an additional 615 shares during the period. Mackenzie Financial Corp lifted its holdings in Intercontinental Exchange by 23.3% in the third quarter. Mackenzie Financial Corp now owns 7,925 shares of the financial services provider’s stock valued at $594,000 after acquiring an additional 1,495 shares during the period. Finally, Tibra Equities Europe Ltd acquired a new position in Intercontinental Exchange in the first quarter valued at approximately $1,964,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.
ICE stock traded down $0.69 during trading on Wednesday, reaching $81.12. 1,350,432 shares of the stock traded hands, compared to its average volume of 2,823,359. The company has a market cap of $45.71 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.64 and a beta of 0.50. Intercontinental Exchange Inc has a 52-week low of $69.33 and a 52-week high of $82.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.02. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Equities analysts forecast that Intercontinental Exchange Inc will post 3.74 EPS for the current fiscal year.
A number of brokerages have issued reports on ICE. ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Bank of America set a $85.00 price objective on Intercontinental Exchange and gave the company a “buy” rating in a research report on Tuesday, April 9th. Zacks Investment Research cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Wells Fargo & Co increased their target price on Intercontinental Exchange from $79.00 to $81.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Finally, Deutsche Bank decreased their price objective on Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $85.55.
In related news, President Benjamin Jackson sold 1,455 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $80.49, for a total value of $117,112.95. Following the completion of the sale, the president now directly owns 76,749 shares of the company’s stock, valued at $6,177,527.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Scott A. Hill sold 26,933 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $73.32, for a total value of $1,974,727.56. Following the completion of the sale, the chief financial officer now directly owns 188,688 shares of the company’s stock, valued at $13,834,604.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,955 shares of company stock worth $9,451,924. 1.50% of the stock is currently owned by insiders.
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Intercontinental Exchange Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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