Intercontinental Exchange Inc. $ICE Holdings Trimmed by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,384 shares of the financial services provider’s stock after selling 12,276 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Intercontinental Exchange were worth $23,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Optivise Advisory Services LLC boosted its position in Intercontinental Exchange by 3.1% during the 2nd quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 54 shares during the period. Tritonpoint Wealth LLC boosted its holdings in shares of Intercontinental Exchange by 1.4% during the second quarter. Tritonpoint Wealth LLC now owns 4,347 shares of the financial services provider’s stock worth $798,000 after purchasing an additional 58 shares during the period. SBI Securities Co. Ltd. grew its position in Intercontinental Exchange by 5.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 58 shares in the last quarter. RB Capital Management LLC increased its stake in Intercontinental Exchange by 1.3% in the 2nd quarter. RB Capital Management LLC now owns 4,584 shares of the financial services provider’s stock valued at $841,000 after buying an additional 59 shares during the period. Finally, Chemistry Wealth Management LLC lifted its position in Intercontinental Exchange by 0.8% in the 2nd quarter. Chemistry Wealth Management LLC now owns 7,847 shares of the financial services provider’s stock worth $1,440,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total transaction of $22,962,000.00. Following the completion of the transaction, the chief executive officer owned 1,801,705 shares of the company’s stock, valued at approximately $275,805,001.40. The trade was a 7.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Warren Gardiner sold 1,572 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $153.65, for a total value of $241,537.80. Following the sale, the chief financial officer owned 20,534 shares of the company’s stock, valued at approximately $3,155,049.10. The trade was a 7.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 175,489 shares of company stock worth $26,972,956. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ICE shares. UBS Group lowered their price target on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. Morgan Stanley cut their price target on Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. JPMorgan Chase & Co. reduced their price target on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Raymond James Financial upgraded Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price objective on the stock in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Buy” and an average target price of $194.70.

Intercontinental Exchange Stock Up 0.1%

ICE opened at $163.21 on Friday. The firm has a market cap of $93.06 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.53 and a beta of 1.05. 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 business has a 50 day moving average price of $154.98 and a 200 day moving average price of $170.22. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

About Intercontinental Exchange

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.