UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,298,162 shares of the financial services provider's stock after buying an additional 52,910 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.94% of Intercontinental Exchange worth $652,257,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. New Mexico Educational Retirement Board lifted its holdings in shares of Intercontinental Exchange by 7.6% in the 2nd quarter. New Mexico Educational Retirement Board now owns 28,270 shares of the financial services provider's stock worth $3,480,000 after purchasing an additional 2,000 shares during the last quarter. Mufg Securities Americas Inc. boosted its position in Intercontinental Exchange by 8.4% during the 2nd quarter. Mufg Securities Americas Inc. now owns 17,032 shares of the financial services provider's stock valued at $2,097,000 after purchasing an additional 1,318 shares during the period. Nissay Asset Management Corp Japan grew its stake in Intercontinental Exchange by 3.4% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 75,542 shares of the financial services provider's stock worth $9,300,000 after buying an additional 2,471 shares during the last quarter. Hsbc Holdings PLC grew its stake in Intercontinental Exchange by 15.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,782,075 shares of the financial services provider's stock worth $219,180,000 after buying an additional 240,620 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Intercontinental Exchange by 16.1% in the second quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider's stock worth $1,454,209,000 after buying an additional 1,634,385 shares during the period. 89.30% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on ICE. TD Cowen reissued a "buy" rating and set a $177.00 target price (up from $159.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. The Goldman Sachs Group dropped their price target on shares of Intercontinental Exchange from $208.00 to $180.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Saturday, August 22nd. Morgan Stanley reduced their price objective on Intercontinental Exchange from $187.00 to $163.00 and set an "equal weight" rating for the company in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $178.00 price objective on shares of Intercontinental Exchange in a report on Friday, July 31st. 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 company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $183.33.
Read Our Latest Stock Analysis on Intercontinental Exchange
Insider Transactions at Intercontinental Exchange
In other 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 transaction, the chief financial officer directly owned 22,698 shares of the company's stock, valued at approximately $3,547,697.40. This trade represents a 9.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 4,574 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total transaction of $739,935.98. Following the sale, the general counsel directly owned 43,065 shares in the company, valued at $6,966,625.05. This represents a 9.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 23,141 shares of company stock worth $3,554,192. 0.84% of the stock is currently owned by insiders.
Intercontinental Exchange Price Performance
ICE stock opened at $162.46 on Friday. 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 Inc. has a one year low of $121.79 and a one year high of $177.76. The firm has a market capitalization of $91.20 billion, a PE ratio of 22.95, a P/E/G ratio of 1.58 and a beta of 0.92. The firm has a 50-day moving average of $144.90 and a two-hundred day moving average of $151.50.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.06. The company had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.81 EPS. On average, analysts forecast that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.
Intercontinental Exchange Profile
(
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.
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