Miles Capital Inc. lessened its position in Intercontinental Exchange Inc (NYSE:ICE) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,474 shares of the financial services provider’s stock after selling 1,621 shares during the quarter. Intercontinental Exchange accounts for 1.5% of Miles Capital Inc.’s portfolio, making the stock its 10th largest position. Miles Capital Inc.’s holdings in Intercontinental Exchange were worth $1,895,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in ICE. Price T Rowe Associates Inc. MD raised its holdings in shares of Intercontinental Exchange by 3.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 39,511,852 shares of the financial services provider’s stock valued at $3,395,649,000 after acquiring an additional 1,501,237 shares in the last quarter. BlackRock Inc. increased its position in Intercontinental Exchange by 1.5% during the 2nd quarter. BlackRock Inc. now owns 33,727,734 shares of the financial services provider’s stock valued at $2,898,562,000 after purchasing an additional 488,675 shares during the period. Veritas Asset Management LLP increased its position in Intercontinental Exchange by 5.3% during the 3rd quarter. Veritas Asset Management LLP now owns 5,075,400 shares of the financial services provider’s stock valued at $468,307,000 after purchasing an additional 254,600 shares during the period. Nuveen Asset Management LLC increased its position in Intercontinental Exchange by 17,275.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,039,683 shares of the financial services provider’s stock valued at $433,110,000 after purchasing an additional 5,010,678 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Intercontinental Exchange by 19.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,574,900 shares of the financial services provider’s stock valued at $329,855,000 after purchasing an additional 588,612 shares in the last quarter. Hedge funds and other institutional investors own 89.03% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Barclays set a $104.00 price target on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research report on Sunday, November 3rd. Rosenblatt Securities reissued a “buy” rating and set a $101.00 price objective on shares of Intercontinental Exchange in a report on Friday. Citigroup set a $101.00 price objective on shares of Intercontinental Exchange and gave the stock a “hold” rating in a research note on Monday, October 21st. Wells Fargo & Co restated a “hold” rating on shares of Intercontinental Exchange in a report on Monday, December 9th. Finally, ValuEngine lowered Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Intercontinental Exchange has an average rating of “Buy” and an average target price of $96.88.
Shares of NYSE ICE traded up $0.52 during trading hours on Tuesday, hitting $97.29. 457,625 shares of the stock were exchanged, compared to its average volume of 2,091,408. Intercontinental Exchange Inc has a 12 month low of $71.90 and a 12 month high of $97.05. The firm has a fifty day moving average price of $93.59 and a 200-day moving average price of $92.47. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.39. The company has a market cap of $53.89 billion, a PE ratio of 26.29, a PEG ratio of 2.72 and a beta of 0.45.
Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.11. Intercontinental Exchange had a net margin of 31.97% and a return on equity of 12.79%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $0.85 earnings per share. Intercontinental Exchange’s revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Intercontinental Exchange Inc will post 3.88 earnings per share for the current fiscal year.
In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $92.70, for a total value of $927,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott A. Hill sold 38,305 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $92.55, for a total value of $3,545,127.75. Following the sale, the chief financial officer now owns 183,595 shares in the company, valued at approximately $16,991,717.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,436 shares of company stock worth $15,366,091. Insiders own 1.50% of the company’s stock.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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