Bessemer Group Inc. Buys 145,374 Shares of Intercontinental Exchange Inc. $ICE

Bessemer Group Inc. grew its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 5.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,955,623 shares of the financial services provider’s stock after acquiring an additional 145,374 shares during the period. Intercontinental Exchange comprises approximately 0.8% of Bessemer Group Inc.’s investment portfolio, making the stock its 20th biggest holding. Bessemer Group Inc. owned approximately 0.52% of Intercontinental Exchange worth $497,964,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ICE. Norges Bank bought a new stake in Intercontinental Exchange during the 2nd quarter valued at $1,542,780,000. Sands Capital Management LLC increased its stake in shares of Intercontinental Exchange by 97.3% during the second quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after buying an additional 2,620,310 shares during the period. C WorldWide Group Holding A S raised its holdings in shares of Intercontinental Exchange by 29,199.5% in the second 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 in the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of Intercontinental Exchange by 179.1% in the third quarter. Mawer Investment Management Ltd. now owns 2,472,366 shares of the financial services provider’s stock valued at $416,544,000 after acquiring an additional 1,586,620 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Intercontinental Exchange by 55.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,781,542 shares of the financial services provider’s stock worth $510,330,000 after acquiring an additional 994,316 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ICE shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Wall Street Zen lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, January 24th. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Raymond James Financial reiterated a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $180.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $193.50.

Insider Activity at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total transaction of $22,962,000.00. Following the transaction, the chief executive officer owned 1,801,705 shares in the company, valued at $275,805,001.40. This represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 3,700 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $157.96, for a total transaction of $584,452.00. Following the completion of the transaction, the director directly owned 14,469 shares of the company’s stock, valued at $2,285,523.24. The trade was a 20.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 166,068 shares of company stock worth $25,470,702 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $164.60 on Thursday. Intercontinental Exchange Inc. has a 12-month low of $143.17 and a 12-month high of $189.35. The business’s fifty day simple moving average is $164.73 and its 200-day simple moving average is $166.58. 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 market cap of $93.85 billion, a PE ratio of 29.98, a PEG ratio of 1.97 and a beta of 1.02.

Intercontinental Exchange Company 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.