MASTERINVEST Kapitalanlage GmbH Invests $2.37 Million in Intercontinental Exchange Inc. $ICE

by · The Markets Daily

MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,909 shares of the financial services provider’s stock, valued at approximately $2,368,000.

Other institutional investors also recently bought and sold shares of the company. Optivise Advisory Services LLC boosted its position in Intercontinental Exchange by 3.1% during the 2nd quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 54 shares in the last quarter. ICONIQ Capital LLC lifted its stake in shares of Intercontinental Exchange by 2.2% in the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 56 shares during the period. Tritonpoint Wealth LLC boosted its position in shares of Intercontinental Exchange by 1.4% during the second quarter. Tritonpoint Wealth LLC now owns 4,347 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 58 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Intercontinental Exchange by 5.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 58 shares during the period. Finally, RB Capital Management LLC raised its holdings in Intercontinental Exchange by 1.3% in the second quarter. RB Capital Management LLC now owns 4,584 shares of the financial services provider’s stock worth $841,000 after purchasing an additional 59 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Up 0.1%

Shares of Intercontinental Exchange stock opened at $163.21 on Friday. The company has a 50-day simple moving average of $154.98 and a two-hundred day simple moving average of $170.16. The stock has a market capitalization of $93.06 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 2.53 and a beta of 1.05. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $189.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Barclays set a $183.00 target price on shares of Intercontinental Exchange and gave the company an “overweight” rating in a report on Friday, October 31st. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. cut their price objective on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a report on Wednesday, October 8th. Finally, UBS Group dropped their price target on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $194.70.

Get Our Latest Analysis on Intercontinental Exchange

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CFO Warren Gardiner sold 1,572 shares of Intercontinental Exchange stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $153.65, for a total value of $241,537.80. Following the completion of the sale, the chief financial officer owned 20,534 shares of the company’s stock, valued at approximately $3,155,049.10. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judith A. Sprieser sold 3,700 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $157.96, for a total value of $584,452.00. Following the completion of the transaction, 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. In the last quarter, insiders sold 175,489 shares of company stock worth $26,972,956. Insiders own 1.00% of the company’s stock.

About Intercontinental Exchange

(Free Report)

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.

Featured Articles

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 – Free Report).