Danske Bank A S Purchases New Holdings in Intercontinental Exchange Inc. $ICE

Danske Bank A S purchased a new position in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 422,949 shares of the financial services provider's stock, valued at approximately $52,069,000. Danske Bank A S owned approximately 0.08% of Intercontinental Exchange at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ares Financial Consulting LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $25,000. Brooklands Fund Management Ltd acquired a new position in Intercontinental Exchange in the fourth quarter valued at about $28,000. Swiss RE Ltd. acquired a new position in Intercontinental Exchange in the fourth quarter valued at about $28,000. Lloyd Advisory Services LLC. bought a new stake in Intercontinental Exchange during the fourth quarter worth about $30,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Intercontinental Exchange during the fourth quarter worth about $37,000. Institutional investors own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In other news, SVP Douglas Foley sold 7,300 shares of Intercontinental Exchange stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $148.88, for a total transaction of $1,086,824.00. Following the transaction, the senior vice president owned 19,063 shares in the company, valued at approximately $2,838,099.44. The trade was a 27.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Jefferson Hague sold 1,333 shares of the business's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $139.46, for a total transaction of $185,900.18. Following the completion of the sale, the director directly owned 20,132 shares in the company, valued at approximately $2,807,608.72. This represents a 6.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,376 shares of company stock worth $2,746,946 over the last quarter. Insiders own 0.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ICE. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $178.00 target price on shares of Intercontinental Exchange in a report on Friday, July 31st. Raymond James Financial set a $208.00 price target on shares of Intercontinental Exchange in a research report on Monday, July 6th. The Goldman Sachs Group lowered their price objective on shares of Intercontinental Exchange from $208.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Barclays restated an "overweight" rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Finally, Weiss Ratings downgraded Intercontinental Exchange from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $183.33.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $156.30 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $87.75 billion, a PE ratio of 22.08, a P/E/G ratio of 1.52 and a beta of 0.92. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $181.72. The stock has a 50-day moving average price of $141.20 and a two-hundred day moving average price of $151.86.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The company had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $2.63 billion. During the same period in the previous year, the business posted $1.81 earnings per share. The business's quarterly revenue was up 4.8% compared to the same quarter last year. Analysts expect that Intercontinental Exchange Inc. will post 8.11 EPS for the current year.

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.

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