Intercontinental Exchange Inc. $ICE Shares Sold by Amundi

Amundi lessened its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 43.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,586,451 shares of the financial services provider’s stock after selling 2,729,255 shares during the quarter. Amundi owned about 0.63% of Intercontinental Exchange worth $651,802,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ICE. SCS Capital Management LLC purchased a new position in Intercontinental Exchange during the 2nd quarter worth $311,000. Great Diamond Partners LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at about $583,000. Knuff & Co LLC increased its stake in shares of Intercontinental Exchange by 73.3% during the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares during the period. Guggenheim Capital LLC raised its holdings in Intercontinental Exchange by 5.9% during the second quarter. Guggenheim Capital LLC now owns 215,987 shares of the financial services provider’s stock worth $39,627,000 after purchasing an additional 12,111 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Intercontinental Exchange by 14.5% during the second quarter. EverSource Wealth Advisors LLC now owns 5,417 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 684 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $159.03 on Friday. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. The stock has a market cap of $90.67 billion, a P/E ratio of 28.97, a PEG ratio of 2.38 and a beta of 1.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $155.59 and a two-hundred day moving average of $170.88.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.71. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $1.55 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Analysts Set New Price Targets

ICE has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a report on Wednesday, October 8th. Wall Street Zen downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Barclays set a $183.00 price objective on Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, October 31st. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. Finally, TD Cowen decreased their target price on shares of Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $194.70.

Insider Buying and Selling

In related news, CEO Jeffrey C. Sprecher sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $175.62, for a total transaction of $280,992.00. Following the sale, the senior vice president directly owned 25,796 shares in the company, valued at $4,530,293.52. This represents a 5.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 168,044 shares of company stock valued at $25,832,095. Company insiders own 1.00% of the company’s stock.

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.