Intercontinental Exchange Inc. $ICE Shares Acquired by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in Intercontinental Exchange Inc. (NYSE: ICE) by 4.8% in Q2, owning 108,477 shares worth approximately $19.9 million.
• Institutional investors control 89.30% of Intercontinental Exchange's stock, with notable increases in stakes from Advisors Capital Management and Ritholtz Wealth Management.
• The company's latest earnings report showed an EPS of $1.81, exceeding analysts' expectations, with a revenue of $3.26 billion, marking a 9.8% year-over-year increase.

IFM Investors Pty Ltd grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,477 shares of the financial services provider's stock after acquiring an additional 4,951 shares during the period. IFM Investors Pty Ltd's holdings in Intercontinental Exchange were worth $19,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Advisors Capital Management LLC grew its stake in shares of Intercontinental Exchange by 25.0% in the first quarter. Advisors Capital Management LLC now owns 1,978 shares of the financial services provider's stock worth $341,000 after acquiring an additional 396 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new position in shares of Intercontinental Exchange during the first quarter worth $349,000. Sequoia Financial Advisors LLC grew its stake in shares of Intercontinental Exchange by 18.3% during the first quarter. Sequoia Financial Advisors LLC now owns 12,168 shares of the financial services provider's stock worth $2,099,000 after purchasing an additional 1,879 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth $28,949,000. Finally, Ritholtz Wealth Management grew its stake in shares of Intercontinental Exchange by 52.3% during the first quarter. Ritholtz Wealth Management now owns 7,953 shares of the financial services provider's stock worth $1,372,000 after purchasing an additional 2,732 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,900 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $174.51, for a total value of $506,079.00. Following the sale, the director directly owned 18,169 shares in the company, valued at $3,170,672.19. The trade was a 13.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 3,850 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $178.33, for a total value of $686,570.50. Following the completion of the transaction, the general counsel owned 46,293 shares of the company's stock, valued at $8,255,430.69. The trade was a 7.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 230,730 shares of company stock valued at $42,171,892. 1.00% of the stock is owned by company insiders.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $171.14 on Friday. The company has a 50-day simple moving average of $179.80 and a 200-day simple moving average of $174.96. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $97.96 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.05 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.04. The business had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $2.50 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The business's revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 earnings per share. On average, analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays boosted their target price on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Piper Sandler boosted their target price on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, UBS Group upped their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.92.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.

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