C WorldWide Group Holding A S Sells 276,575 Shares of Intercontinental Exchange Inc. $ICE

C WorldWide Group Holding A S cut its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 16.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,375,626 shares of the financial services provider’s stock after selling 276,575 shares during the quarter. Intercontinental Exchange comprises approximately 3.6% of C WorldWide Group Holding A S’s portfolio, making the stock its 11th biggest position. C WorldWide Group Holding A S owned approximately 0.24% of Intercontinental Exchange worth $231,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Portside Wealth Group LLC grew its position in Intercontinental Exchange by 14.9% during the 3rd quarter. Portside Wealth Group LLC now owns 1,431 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 186 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Intercontinental Exchange by 4.5% during the third quarter. Flagship Harbor Advisors LLC now owns 5,888 shares of the financial services provider’s stock valued at $992,000 after buying an additional 254 shares during the last quarter. Linscomb Wealth Inc. increased its position in shares of Intercontinental Exchange by 568.9% during the third quarter. Linscomb Wealth Inc. now owns 13,351 shares of the financial services provider’s stock valued at $2,249,000 after acquiring an additional 11,355 shares in the last quarter. SouthState Bank Corp raised its holdings in Intercontinental Exchange by 1.5% in the 3rd quarter. SouthState Bank Corp now owns 77,900 shares of the financial services provider’s stock worth $13,125,000 after acquiring an additional 1,176 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Intercontinental Exchange by 5.2% in the 3rd quarter. Bessemer Group Inc. now owns 2,955,623 shares of the financial services provider’s stock valued at $497,964,000 after acquiring an additional 145,374 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $164.60 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $93.85 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.97 and a beta of 1.02. The firm’s 50 day moving average price is $164.73 and its 200-day moving average price is $166.58. Intercontinental Exchange Inc. has a twelve month low of $143.17 and a twelve month high of $189.35.

Insiders Place Their Bets

In related news, SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction on Friday, December 12th. The stock was sold at an average price of $163.20, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mayur Kapani sold 5,345 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $156.67, for a total value of $837,401.15. Following the completion of the sale, the chief technology officer owned 65,240 shares of the company’s stock, valued at approximately $10,221,150.80. The trade was a 7.57% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 166,068 shares of company stock valued at $25,470,702. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group reissued a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Barclays set a $182.00 target price on Intercontinental Exchange and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Wall Street Zen downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, January 24th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.