Intercontinental Exchange Inc. $ICE Shares Sold by Vanguard Personalized Indexing Management LLC

by · The Markets Daily

Vanguard Personalized Indexing Management LLC cut its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE – Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 89,402 shares of the financial services provider’s stock after selling 4,138 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Intercontinental Exchange were worth $14,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Holos Integrated Wealth LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Steph & Co. increased its holdings in Intercontinental Exchange by 104.7% during the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares during the last quarter. Swiss RE Ltd. purchased a new stake in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Finally, Dorato Capital Management purchased a new stake in Intercontinental Exchange during the 4th quarter worth approximately $29,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Down 0.2%

NYSE:ICE opened at $140.26 on Monday. Intercontinental Exchange Inc. has a 12-month low of $136.67 and a 12-month high of $189.35. The firm has a market capitalization of $79.32 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.35 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day simple moving average of $154.22 and a 200 day simple moving average of $159.32.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts predict that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total transaction of $693,083.88. Following the completion of the transaction, the general counsel owned 45,473 shares in the company, valued at $6,891,887.88. The trade was a 9.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sharon Bowen sold 667 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $151.28, for a total value of $100,903.76. Following the transaction, the director owned 15,077 shares of the company’s stock, valued at $2,280,848.56. This represents a 4.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 12,092 shares of company stock worth $1,860,424. 0.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods assumed coverage on Intercontinental Exchange in a report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price objective on the stock. Morgan Stanley lifted their price objective on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Weiss Ratings downgraded Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. Piper Sandler restated an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a 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 issued a Hold rating to the company’s stock. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Get Our Latest Research Report on Intercontinental Exchange

About Intercontinental Exchange

(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.

Recommended Stories

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).