Caitong International Asset Management Co. Ltd Reduces Stock Holdings in Intercontinental Exchange Inc. $ICE

Caitong International Asset Management Co. Ltd decreased its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 85.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207 shares of the financial services provider’s stock after selling 1,181 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Intercontinental Exchange were worth $38,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its position in Intercontinental Exchange by 2.5% during the second quarter. Asset Management One Co. Ltd. now owns 245,023 shares of the financial services provider’s stock valued at $44,954,000 after buying an additional 6,079 shares during the period. Lazard Freres Gestion S.A.S. lifted its position in Intercontinental Exchange by 2.4% during the second quarter. Lazard Freres Gestion S.A.S. now owns 424,772 shares of the financial services provider’s stock valued at $77,932,000 after buying an additional 10,032 shares during the period. Carnegie Investment Counsel lifted its position in Intercontinental Exchange by 14.1% during the second quarter. Carnegie Investment Counsel now owns 22,805 shares of the financial services provider’s stock valued at $4,184,000 after buying an additional 2,815 shares during the period. Bleakley Financial Group LLC lifted its position in Intercontinental Exchange by 32.3% during the second quarter. Bleakley Financial Group LLC now owns 13,978 shares of the financial services provider’s stock valued at $2,564,000 after buying an additional 3,410 shares during the period. Finally, Rothschild Capital Partners LLC purchased a new position in Intercontinental Exchange during the second quarter valued at $224,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,900 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $174.51, for a total value of $506,079.00. Following the completion of the transaction, the director owned 18,169 shares of the company’s stock, valued at approximately $3,170,672.19. The trade was a 13.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Duriya M. Farooqui sold 2,036 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $178.34, for a total value of $363,100.24. Following the completion of the transaction, the director directly owned 14,299 shares of the company’s stock, valued at approximately $2,550,083.66. This trade represents a 12.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 240,162 shares of company stock worth $43,642,652 in the last quarter. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE ICE opened at $157.71 on Monday. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The stock has a 50-day moving average of $168.26 and a 200 day moving average of $173.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $90.28 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 2.20 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.04. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. Intercontinental Exchange’s revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley lowered their price objective on Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. UBS Group raised their price objective on Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Saturday. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Finally, Barclays reaffirmed an “overweight” rating and issued a $201.00 price target (down previously from $212.00) on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $198.60.

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.