Rockefeller Capital Management L.P. Has $77.50 Million Stake in Intercontinental Exchange Inc. $ICE

Rockefeller Capital Management L.P. reduced its position in Intercontinental Exchange Inc. (NYSE:ICE) by 11.4% during the fourth quarter, HoldingsChannel reports. The firm owned 478,482 shares of the financial services provider’s stock after selling 61,646 shares during the period. Rockefeller Capital Management L.P.’s holdings in Intercontinental Exchange were worth $77,495,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ICE. J. Stern & Co. LLP boosted its position in Intercontinental Exchange by 17,398.1% during the fourth quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock valued at $8,763,214,000 after acquiring an additional 53,798,055 shares during the last quarter. Norges Bank acquired a new stake in Intercontinental Exchange during the 4th quarter worth about $1,418,228,000. Viking Global Investors LP bought a new position in shares of Intercontinental Exchange in the 4th quarter worth about $777,926,000. Wellington Management Group LLP raised its position in shares of Intercontinental Exchange by 64.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock worth $1,744,480,000 after acquiring an additional 4,067,922 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Intercontinental Exchange by 148.6% in the 4th quarter. Boston Partners now owns 3,203,845 shares of the financial services provider’s stock valued at $519,701,000 after purchasing an additional 1,914,851 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

ICE stock opened at $133.76 on Friday. The stock has a market capitalization of $75.64 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92. The company’s 50-day moving average is $151.34 and its 200-day moving average is $158.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a 1 year low of $132.84 and a 1 year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period last year, the business posted $1.72 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts expect that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,490 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total value of $390,033.60. Following the completion of the sale, the chief financial officer owned 25,189 shares of the company’s stock, valued at approximately $3,945,604.96. This trade represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Jefferson Hague sold 1,333 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $139.46, for a total value of $185,900.18. Following the sale, the director owned 20,132 shares of the company’s stock, 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. In the last quarter, insiders have sold 13,425 shares of company stock valued at $2,046,324. 0.84% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler restated an “overweight” rating and set a $211.00 target price (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. Barclays reiterated an “overweight” rating and issued a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a report on Friday, May 1st. Rothschild & Co Redburn set a $177.00 price target on Intercontinental Exchange in a research note on Thursday, June 11th. Keefe, Bruyette & Woods started coverage on Intercontinental Exchange in a report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

About Intercontinental Exchange

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.