Janus Henderson Group PLC raised its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 14.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,373,823 shares of the financial services provider’s stock after acquiring an additional 1,325,290 shares during the period. Janus Henderson Group PLC owned approximately 1.77% of Intercontinental Exchange worth $712,683,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ICE. Thompson Davis & CO. Inc. raised its stake in Intercontinental Exchange by 2.2% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 32 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of Intercontinental Exchange by 10.8% in the 2nd quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock worth $101,000 after buying an additional 18 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Intercontinental Exchange by 186.5% in the 2nd quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,240 shares in the last quarter. First Personal Financial Services raised its stake in shares of Intercontinental Exchange by 20.4% in the 2nd quarter. First Personal Financial Services now owns 2,122 shares of the financial services provider’s stock worth $140,000 after buying an additional 360 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Intercontinental Exchange by 4.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,507 shares of the financial services provider’s stock worth $167,000 after buying an additional 107 shares in the last quarter. 90.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on ICE. Wells Fargo & Company boosted their price objective on Intercontinental Exchange from $65.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, October 5th. Royal Bank Of Canada reissued a “buy” rating on shares of Intercontinental Exchange in a research note on Tuesday, August 15th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $73.00 price objective on shares of Intercontinental Exchange in a research note on Sunday, October 8th. Citigroup boosted their price objective on Intercontinental Exchange from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Intercontinental Exchange has a consensus rating of “Buy” and an average target price of $73.30.
Intercontinental Exchange Inc (ICE) traded down $0.35 on Friday, hitting $70.39. The stock had a trading volume of 2,652,400 shares, compared to its average volume of 2,676,069. The company has a market cap of $41,384.75, a P/E ratio of 24.23, a PEG ratio of 2.62 and a beta of 0.73. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Intercontinental Exchange Inc has a 12 month low of $55.79 and a 12 month high of $72.99.
Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. Intercontinental Exchange’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. research analysts expect that Intercontinental Exchange Inc will post 2.95 earnings per share for the current fiscal year.
Intercontinental Exchange announced that its Board of Directors has initiated a share repurchase program on Thursday, November 2nd that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In other news, CFO Scott A. Hill sold 37,630 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $70.03, for a total transaction of $2,635,228.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charles A. Vice sold 12,500 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $68.52, for a total value of $856,500.00. Following the sale, the insider now directly owns 382,471 shares in the company, valued at $26,206,912.92. The disclosure for this sale can be found here. Insiders have sold 70,130 shares of company stock worth $4,903,204 over the last ninety days. 1.50% of the stock is owned by insiders.
Intercontinental Exchange Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc (NYSE:ICE).
Receive News & Ratings for Intercontinental Exchange Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange Inc and related companies with MarketBeat.com's FREE daily email newsletter.