BNP Paribas Has $11.16 Million Position in Intercontinental Exchange Inc. $ICE

BNP Paribas boosted its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 21.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,807 shares of the financial services provider’s stock after buying an additional 10,732 shares during the quarter. BNP Paribas’ holdings in Intercontinental Exchange were worth $11,156,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC acquired a new position in shares of Intercontinental Exchange during the second quarter worth $28,000. Activest Wealth Management raised its position in Intercontinental Exchange by 4,050.0% during the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 162 shares during the last quarter. Westside Investment Management Inc. bought a new position in Intercontinental Exchange during the 2nd quarter worth $29,000. Hilltop National Bank acquired a new position in Intercontinental Exchange during the 2nd quarter worth about $31,000. Finally, Knuff & Co LLC grew its position in shares of Intercontinental Exchange by 73.3% in the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after buying an additional 74 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ICE shares. Barclays set a $183.00 price objective on Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, October 31st. UBS Group lowered their price target on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a report on Friday, October 31st. TD Cowen reduced their price objective on shares of Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Morgan Stanley dropped their target price on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $194.70.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $160.56 on Thursday. The firm has a 50 day moving average of $154.92 and a 200-day moving average of $170.36. The company has a market cap of $91.55 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 2.40 and a beta of 1.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. Intercontinental Exchange’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Judith A. Sprieser sold 3,700 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $157.96, for a total value of $584,452.00. Following the completion of the sale, the director directly owned 14,469 shares of the company’s stock, valued at $2,285,523.24. The trade was a 20.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Warren Gardiner sold 1,572 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $153.65, for a total value of $241,537.80. Following the completion of the transaction, the chief financial officer owned 20,534 shares in the company, valued at approximately $3,155,049.10. The trade was a 7.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 177,089 shares of company stock worth $27,253,948 over the last 90 days. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.