LGT Capital Partners LTD. reduced its stake in Intercontinental Exchange Inc (NYSE:ICE) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,360 shares of the financial services provider’s stock after selling 9,550 shares during the period. LGT Capital Partners LTD.’s holdings in Intercontinental Exchange were worth $15,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ICE. Capital World Investors grew its holdings in shares of Intercontinental Exchange by 464.9% during the third quarter. Capital World Investors now owns 15,031,546 shares of the financial services provider’s stock valued at $1,125,712,000 after buying an additional 12,370,546 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Intercontinental Exchange by 5.8% during the third quarter. Janus Henderson Group PLC now owns 12,202,306 shares of the financial services provider’s stock valued at $913,835,000 after buying an additional 666,185 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Intercontinental Exchange by 2.2% during the third quarter. Franklin Resources Inc. now owns 4,537,726 shares of the financial services provider’s stock valued at $339,832,000 after buying an additional 97,722 shares during the last quarter. Senator Investment Group LP grew its holdings in shares of Intercontinental Exchange by 54.2% during the third quarter. Senator Investment Group LP now owns 3,700,000 shares of the financial services provider’s stock valued at $277,093,000 after buying an additional 1,300,000 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Intercontinental Exchange by 112.2% during the third quarter. TIAA CREF Investment Management LLC now owns 2,661,565 shares of the financial services provider’s stock valued at $199,325,000 after buying an additional 1,407,479 shares during the last quarter. 88.91% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange stock traded down $0.47 during midday trading on Monday, hitting $72.63. 210,134 shares of the stock were exchanged, compared to its average volume of 3,310,125. Intercontinental Exchange Inc has a 52-week low of $66.92 and a 52-week high of $82.65. The stock has a market cap of $41.26 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.90 and a beta of 0.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.05. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 11.67%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts predict that Intercontinental Exchange Inc will post 3.54 EPS for the current fiscal year.

Intercontinental Exchange declared that its board has authorized a share buyback plan on Wednesday, October 31st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages have recently issued reports on ICE. Raymond James lifted their price objective on shares of Intercontinental Exchange from $81.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Citigroup set a $80.00 price target on shares of Intercontinental Exchange and gave the stock a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Monday, November 19th. Berenberg Bank cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating and set a $87.00 price target on the stock. in a report on Tuesday, November 20th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $91.00 price target on shares of Intercontinental Exchange in a report on Friday, October 12th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus price target of $84.50.

In other Intercontinental Exchange news, CFO Scott A. Hill sold 403 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $80.00, for a total value of $32,240.00. Following the transaction, the chief financial officer now directly owns 161,526 shares in the company, valued at $12,922,080. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Charles A. Vice sold 35,000 shares of the business’s stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $75.26, for a total transaction of $2,634,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,006 shares of company stock worth $9,193,322. 1.50% of the stock is owned by corporate insiders.

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Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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