Findlay Park Partners LLP bought a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 821,169 shares of the financial services provider's stock, valued at approximately $101,094,000. Findlay Park Partners LLP owned 0.15% of Intercontinental Exchange as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Intercontinental Exchange by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider's stock valued at $8,770,647,000 after buying an additional 413,639 shares in the last quarter. J. Stern & Co. LLP raised its holdings in shares of Intercontinental Exchange by 17,398.1% in the 4th quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider's stock worth $8,763,214,000 after acquiring an additional 53,798,055 shares during the last quarter. BlackRock Inc. bought a new position in Intercontinental Exchange in the 2nd quarter valued at about $6,245,085,000. State Street Corp boosted its stake in Intercontinental Exchange by 3.4% during the 4th quarter. State Street Corp now owns 25,653,952 shares of the financial services provider's stock valued at $4,154,914,000 after purchasing an additional 837,208 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Intercontinental Exchange by 1.0% during the 4th quarter. Morgan Stanley now owns 15,875,593 shares of the financial services provider's stock worth $2,571,212,000 after purchasing an additional 158,450 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Intercontinental Exchange
In related news, CFO Warren Gardiner sold 2,491 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $156.30, for a total transaction of $389,343.30. Following the completion of the sale, the chief financial officer owned 22,698 shares in the company, valued at approximately $3,547,697.40. This trade represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Douglas Foley sold 7,300 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $148.88, for a total transaction of $1,086,824.00. Following the sale, the senior vice president owned 19,063 shares of the company's stock, valued at approximately $2,838,099.44. The trade was a 27.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,200 shares of company stock valued at $3,035,385 in the last three months. 0.84% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several analysts have recently commented on ICE shares. UBS Group reissued a "buy" rating and issued a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Raymond James Financial set a $208.00 price target on Intercontinental Exchange in a report on Monday, July 6th. Piper Sandler dropped their price objective on Intercontinental Exchange from $211.00 to $190.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 15th. The Goldman Sachs Group cut their price objective on shares of Intercontinental Exchange from $208.00 to $180.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Finally, TD Cowen reiterated a "buy" rating and issued a $177.00 target price (up from $159.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $183.33.
Read Our Latest Report on ICE
Intercontinental Exchange Stock Performance
Shares of ICE opened at $161.29 on Friday. The stock has a 50 day moving average of $142.34 and a 200 day moving average of $151.69. The company has a market capitalization of $90.55 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.58 and a beta of 0.92. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $181.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.06. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the company earned $1.81 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.
About Intercontinental Exchange
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc. (NYSE:ICE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Intercontinental Exchange, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intercontinental Exchange wasn't on the list.
While Intercontinental Exchange currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
