Pictet Asset Management Ltd. Decreases Holdings in Intercontinental Exchange Inc (NYSE:ICE)
Pictet Asset Management Ltd. lessened its stake in shares of Intercontinental Exchange Inc (NYSE:ICE) by 24.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 293,231 shares of the financial services provider’s stock after selling 96,141 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Intercontinental Exchange were worth $25,200,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC increased its holdings in Intercontinental Exchange by 315.5% during the second quarter. AE Wealth Management LLC now owns 12,232 shares of the financial services provider’s stock worth $1,051,000 after buying an additional 9,288 shares during the last quarter. Capital Advisors Ltd. LLC bought a new position in Intercontinental Exchange during the second quarter worth about $42,000. Cibc Bank USA boosted its position in Intercontinental Exchange by 11.2% during the first quarter. Cibc Bank USA now owns 4,252 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 428 shares during the period. National Asset Management Inc. boosted its position in Intercontinental Exchange by 21.7% during the second quarter. National Asset Management Inc. now owns 3,315 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 591 shares during the period. Finally, Shell Asset Management Co. boosted its position in Intercontinental Exchange by 128.2% during the first quarter. Shell Asset Management Co. now owns 78,512 shares of the financial services provider’s stock worth $5,978,000 after purchasing an additional 44,112 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.
NYSE:ICE traded up $0.22 on Friday, reaching $90.52. 56,133 shares of the company’s stock were exchanged, compared to its average volume of 1,694,489. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $50.50 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 2.92 and a beta of 0.50. Intercontinental Exchange Inc has a 52 week low of $69.69 and a 52 week high of $95.55. The stock has a fifty day simple moving average of $91.57 and a 200-day simple moving average of $83.84.
In other news, CFO Scott A. Hill sold 38,305 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $94.03, for a total value of $3,601,819.15. Following the completion of the transaction, the chief financial officer now directly owns 185,225 shares in the company, valued at $17,416,706.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Charles A. Vice sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $86.74, for a total transaction of $1,301,100.00. The disclosure for this sale can be found here. Insiders sold 167,160 shares of company stock valued at $15,261,966 over the last 90 days. 1.50% of the stock is owned by company insiders.
ICE has been the subject of a number of research reports. Citigroup lowered shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and increased their target price for the stock from $92.00 to $99.00 in a research report on Monday, July 22nd. Raymond James increased their target price on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.25.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
Featured Article: What is a Backdoor Roth IRA?
Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc (NYSE:ICE).
Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.