Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Intercontinental Exchange Inc (NYSE:ICE) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,734 shares of the financial services provider’s stock after purchasing an additional 5,263 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Intercontinental Exchange were worth $5,843,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of Intercontinental Exchange by 3.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 129,416 shares of the financial services provider’s stock valued at $9,748,000 after purchasing an additional 3,953 shares in the last quarter. D.B. Root & Company LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $339,000. Cohen Lawrence B lifted its position in Intercontinental Exchange by 3.0% during the 4th quarter. Cohen Lawrence B now owns 21,077 shares of the financial services provider’s stock worth $1,588,000 after acquiring an additional 615 shares in the last quarter. Mackenzie Financial Corp lifted its position in Intercontinental Exchange by 23.3% during the 3rd quarter. Mackenzie Financial Corp now owns 7,925 shares of the financial services provider’s stock worth $594,000 after acquiring an additional 1,495 shares in the last quarter. Finally, Tibra Equities Europe Ltd acquired a new position in Intercontinental Exchange during the 1st quarter worth approximately $1,964,000. 90.94% of the stock is currently owned by institutional investors and hedge funds.
In other news, General Counsel Andrew J. Surdykowski sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $81.00, for a total value of $97,200.00. Following the completion of the sale, the general counsel now directly owns 41,161 shares in the company, valued at approximately $3,334,041. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott A. Hill sold 26,933 shares of the business’s stock in a transaction that occurred on 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 owns 188,688 shares of the company’s stock, valued at $13,834,604.16. The disclosure for this sale can be found here. Insiders sold a total of 122,955 shares of company stock valued at $9,451,924 over the last quarter. Company insiders own 1.50% of the company’s stock.
ICE stock traded down $0.69 during midday trading on Wednesday, hitting $81.12. 1,350,432 shares of the company’s stock were exchanged, compared to its average volume of 2,823,359. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. Intercontinental Exchange Inc has a 12-month low of $69.33 and a 12-month high of $82.65. The company has a market capitalization of $45.71 billion, a PE ratio of 22.60, a P/E/G ratio of 2.64 and a beta of 0.50.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.90 EPS. Intercontinental Exchange’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intercontinental Exchange Inc will post 3.74 EPS for the current year.
Several equities analysts recently commented on ICE shares. Citigroup raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 price target on the stock in a research report on Tuesday, January 22nd. ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Bank of America set a $85.00 price target on Intercontinental Exchange and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $85.50 price target on shares of Intercontinental Exchange in a research report on Monday, February 11th. Finally, Deutsche Bank reduced their price target on Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Intercontinental Exchange has an average rating of “Buy” and a consensus price target of $85.55.
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Intercontinental Exchange Company 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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