BI Asset Management Fondsmaeglerselskab A S Raises Stock Holdings in Intercontinental Exchange Inc. $ICE

BI Asset Management Fondsmaeglerselskab A S boosted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,979 shares of the financial services provider’s stock after buying an additional 10,595 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Intercontinental Exchange were worth $23,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Optimize Financial Inc raised its position in shares of Intercontinental Exchange by 18.9% in the third quarter. Optimize Financial Inc now owns 2,591 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 411 shares during the period. Machina Capital S.A.S. raised its stake in Intercontinental Exchange by 21.5% in the 3rd quarter. Machina Capital S.A.S. now owns 30,993 shares of the financial services provider’s stock valued at $5,222,000 after purchasing an additional 5,476 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Intercontinental Exchange by 2.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,106,423 shares of the financial services provider’s stock worth $186,410,000 after buying an additional 21,680 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Intercontinental Exchange by 11.4% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 6,449 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 661 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its stake in Intercontinental Exchange by 100.0% during the third quarter. Westside Investment Management Inc. now owns 322 shares of the financial services provider’s stock worth $52,000 after buying an additional 161 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

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 company has a market cap of $93.85 billion, a P/E ratio of 29.98, a PEG ratio of 1.97 and a beta of 1.02. 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 fifty day moving average price of $164.73 and a 200 day moving average price of $166.58.

Insiders Place Their Bets

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction on 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 transaction, the chief executive officer directly owned 1,801,705 shares in the company, valued at approximately $275,805,001.40. The trade was a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Sprieser sold 3,700 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $157.96, for a total value of $584,452.00. Following the completion of the transaction, the director owned 14,469 shares in the company, valued at $2,285,523.24. This trade represents a 20.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 166,068 shares of company stock worth $25,470,702. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ICE shares. Barclays set a $182.00 price objective on Intercontinental Exchange and gave the company an “overweight” rating in a report on Thursday, January 8th. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 14th. UBS Group reiterated a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 7th. JPMorgan Chase & Co. cut their price objective on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Morgan Stanley set a $180.00 price target on shares of Intercontinental Exchange and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. One 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $193.50.

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.