Intercontinental Exchange Inc. $ICE Stock Position Lifted by Danske Bank A S

Danske Bank A S lifted its holdings in Intercontinental Exchange Inc. (NYSE:ICEFree Report) by 11.5% in the 4th quarter, HoldingsChannel reports. The firm owned 341,054 shares of the financial services provider’s stock after purchasing an additional 35,066 shares during the quarter. Danske Bank A S’s holdings in Intercontinental Exchange were worth $55,237,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ICE. ICONIQ Capital LLC lifted its holdings in shares of Intercontinental Exchange by 2.2% in the second quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after buying an additional 56 shares during the period. Mechanics Financial Corp lifted its holdings in shares of Intercontinental Exchange by 1.0% in the fourth quarter. Mechanics Financial Corp now owns 6,138 shares of the financial services provider’s stock valued at $994,000 after buying an additional 60 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in shares of Intercontinental Exchange by 1.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 3,384 shares of the financial services provider’s stock valued at $548,000 after buying an additional 63 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Intercontinental Exchange by 1.5% in the fourth quarter. Evergreen Capital Management LLC now owns 4,207 shares of the financial services provider’s stock valued at $681,000 after buying an additional 63 shares during the period. Finally, Sather Financial Group Inc lifted its holdings in shares of Intercontinental Exchange by 4.7% in the fourth quarter. Sather Financial Group Inc now owns 1,440 shares of the financial services provider’s stock valued at $233,000 after buying an additional 64 shares during the period. Institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ICE shares. Barclays restated an “overweight” rating and issued a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a report on Friday. Raymond James Financial restated a “strong-buy” rating and issued a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings lowered Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods started coverage on Intercontinental Exchange in a report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $194.10.

View Our Latest Stock Analysis on ICE

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 4,571 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $162.00, for a total transaction of $740,502.00. Following the completion of the sale, the general counsel directly owned 48,181 shares of the company’s stock, valued at $7,805,322. This represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 11,303 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $153.82, for a total value of $1,738,627.46. Following the sale, the insider directly owned 14,266 shares of the company’s stock, valued at approximately $2,194,396.12. This represents a 44.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 348,418 shares of company stock valued at $54,196,631 over the last 90 days. 0.84% of the stock is owned by insiders.

Intercontinental Exchange Trading Down 1.9%

Shares of NYSE ICE opened at $155.04 on Friday. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The company has a market cap of $87.82 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 1.64 and a beta of 0.96. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $160.21 and a 200-day simple moving average of $159.99.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the business posted $1.72 earnings per share. Intercontinental Exchange’s revenue was up 20.4% compared to the same quarter last year. Sell-side analysts predict that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 36.05%.

Key Headlines Impacting Intercontinental Exchange

Here are the key news stories impacting Intercontinental Exchange this week:

About Intercontinental Exchange

(Free Report)

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.

See Also

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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