Tredje AP fonden Sells 66,134 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

Tredje AP fonden decreased its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 35.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 122,388 shares of the financial services provider’s stock after selling 66,134 shares during the quarter. Tredje AP fonden’s holdings in Intercontinental Exchange were worth $21,112,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ICE. Royal Bank of Canada increased its holdings in shares of Intercontinental Exchange by 132.9% during the 4th quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider’s stock worth $1,359,173,000 after purchasing an additional 5,204,309 shares during the period. Kovitz Investment Group Partners LLC increased its stake in Intercontinental Exchange by 423.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider’s stock valued at $677,465,000 after acquiring an additional 3,678,384 shares during the period. GAMMA Investing LLC increased its stake in Intercontinental Exchange by 24,394.4% in the first quarter. GAMMA Investing LLC now owns 2,264,753 shares of the financial services provider’s stock valued at $3,906,700,000 after acquiring an additional 2,255,507 shares during the period. Bank of New York Mellon Corp increased its stake in Intercontinental Exchange by 50.6% in the first quarter. Bank of New York Mellon Corp now owns 5,933,532 shares of the financial services provider’s stock valued at $1,023,534,000 after acquiring an additional 1,993,084 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Intercontinental Exchange by 26.6% in the fourth quarter. Janus Henderson Group PLC now owns 5,721,604 shares of the financial services provider’s stock valued at $852,578,000 after acquiring an additional 1,200,965 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $177.48, for a total value of $283,968.00. Following the completion of the sale, the senior vice president owned 27,313 shares of the company’s stock, valued at approximately $4,847,511.24. This represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sharon Bowen sold 794 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $185.00, for a total transaction of $146,890.00. Following the completion of the sale, the director directly owned 14,206 shares of the company’s stock, valued at $2,628,110. The trade was a 5.29% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,913 shares of company stock valued at $40,671,107. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Trading Up 1.1%

Shares of NYSE ICE opened at $184.80 on Wednesday. The company’s 50 day simple moving average is $180.10 and its 200 day simple moving average is $170.55. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $185.29. The firm has a market capitalization of $106.01 billion, a P/E ratio of 38.26, a P/E/G ratio of 2.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 22.84% and a return on equity of 13.27%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the business posted $1.48 earnings per share. Intercontinental Exchange’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.04%. Intercontinental Exchange’s dividend payout ratio is currently 39.75%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ICE shares. UBS Group upped their target price on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Piper Sandler boosted their price target on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods boosted their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Barclays boosted their price target on shares of Intercontinental Exchange from $198.00 to $206.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, Morgan Stanley boosted their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $194.42.

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.