Dupont Capital Management Corp Invests $6.14 Million in Intercontinental Exchange Inc. $ICE

Dupont Capital Management Corp purchased a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,417 shares of the financial services provider’s stock, valued at approximately $6,136,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Intercontinental Exchange during the second quarter worth $1,542,780,000. Sands Capital Management LLC grew its stake in Intercontinental Exchange by 97.3% during the 2nd quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after acquiring an additional 2,620,310 shares in the last quarter. C WorldWide Group Holding A S raised its holdings in Intercontinental Exchange by 29,199.5% in the 2nd quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock valued at $303,129,000 after acquiring an additional 1,646,562 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Intercontinental Exchange by 55.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,781,542 shares of the financial services provider’s stock valued at $510,330,000 after acquiring an additional 994,316 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Intercontinental Exchange by 503.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,133,892 shares of the financial services provider’s stock worth $191,038,000 after purchasing an additional 946,065 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.6%

Shares of ICE opened at $162.11 on Friday. The company’s 50-day moving average price is $156.21 and its 200 day moving average price is $168.62. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. 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 firm has a market cap of $92.43 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 2.28 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.71. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the business earned $1.55 earnings per share. On average, sell-side analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of analyst reports. Barclays set a $183.00 price objective on Intercontinental Exchange and gave the stock an “overweight” rating in a research report on Friday, October 31st. Morgan Stanley reiterated a “positive” rating and set a $174.00 price target (up previously from $169.00) on shares of Intercontinental Exchange in a report on Monday, December 22nd. TD Cowen lowered their price target 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. Weiss Ratings restated a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday. Finally, UBS Group decreased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $194.30.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total value of $22,962,000.00. Following the sale, the chief executive officer owned 1,801,705 shares of the company’s stock, valued at $275,805,001.40. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Douglas Foley sold 1,600 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $163.20, for a total value of $261,120.00. Following the transaction, the senior vice president directly owned 24,196 shares in the company, valued at approximately $3,948,787.20. The trade was a 6.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 176,150 shares of company stock worth $27,072,531 in the last three months. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Profile

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.