Robeco Institutional Asset Management B.V. Has $278.09 Million Position in Intercontinental Exchange Inc. $ICE

by · The Markets Daily

Robeco Institutional Asset Management B.V. increased its holdings in Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 5.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,650,575 shares of the financial services provider’s stock after purchasing an additional 87,041 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.29% of Intercontinental Exchange worth $278,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter worth approximately $28,000. Westside Investment Management Inc. bought a new stake in Intercontinental Exchange in the second quarter valued at $29,000. Private Wealth Management Group LLC raised its stake in Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 66 shares in the last quarter. Hilltop National Bank bought a new position in shares of Intercontinental Exchange during the second quarter valued at $31,000. Finally, Knuff & Co LLC lifted its holdings in shares of Intercontinental Exchange by 73.3% during the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 74 shares during the period. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ICE. TD Cowen lowered their target price on Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Morgan Stanley reissued a “positive” rating and issued a $174.00 price target (up previously from $169.00) on shares of Intercontinental Exchange in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $194.30.

Get Our Latest Stock Analysis on ICE

Intercontinental Exchange Stock Up 3.5%

Shares of NYSE ICE opened at $165.53 on Tuesday. Intercontinental Exchange Inc. has a 1 year low of $142.29 and a 1 year high of $189.35. The firm’s 50-day moving average is $156.37 and its 200-day moving average is $168.21. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $94.38 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Andrew J. Surdykowski sold 2,081 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $151.00, for a total value of $314,231.00. Following the transaction, the general counsel directly owned 44,212 shares in the company, valued at $6,676,012. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Judith A. Sprieser sold 3,700 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $157.96, for a total value of $584,452.00. Following the completion of the sale, the director owned 14,469 shares of the company’s stock, valued at $2,285,523.24. This represents a 20.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 176,150 shares of company stock worth $27,072,531 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company 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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