Moreno Evelyn V cut its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 64.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,901 shares of the financial services provider's stock after selling 40,777 shares during the quarter. Intercontinental Exchange makes up approximately 1.4% of Moreno Evelyn V's investment portfolio, making the stock its 21st largest holding. Moreno Evelyn V's holdings in Intercontinental Exchange were worth $2,941,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in Intercontinental Exchange by 27.3% in the 4th quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider's stock worth $7,311,000 after purchasing an additional 12,208 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Intercontinental Exchange by 7.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 126,854 shares of the financial services provider's stock valued at $13,956,000 after buying an additional 8,320 shares in the last quarter. LGT Group Foundation boosted its stake in shares of Intercontinental Exchange by 36.0% in the fourth quarter. LGT Group Foundation now owns 355,555 shares of the financial services provider's stock valued at $45,724,000 after buying an additional 94,039 shares during the period. Allspring Global Investments Holdings LLC grew its position in Intercontinental Exchange by 9.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,235,985 shares of the financial services provider's stock worth $158,738,000 after buying an additional 105,042 shares in the last quarter. Finally, First County Bank CT grew its position in Intercontinental Exchange by 2.7% during the third quarter. First County Bank CT now owns 3,811 shares of the financial services provider's stock worth $419,000 after buying an additional 100 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.
Intercontinental Exchange Trading Down 1.1 %
Intercontinental Exchange stock traded down $1.49 during trading hours on Thursday, hitting $135.40. The stock had a trading volume of 1,563,324 shares, compared to its average volume of 2,332,303. The business's 50 day simple moving average is $134.24 and its 200-day simple moving average is $128.45. Intercontinental Exchange, Inc. has a one year low of $103.81 and a one year high of $140.43. The stock has a market cap of $77.66 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 2.56 and a beta of 1.02. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business earned $1.41 EPS. The firm's quarterly revenue was up 20.8% on a year-over-year basis. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 5.95 EPS for the current fiscal year.
Insider Activity
In related news, General Counsel Andrew J. Surdykowski sold 341 shares of the business's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the sale, the general counsel now owns 48,713 shares of the company's stock, valued at $6,417,450.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the company's stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the transaction, the insider now owns 7,476,345 shares of the company's stock, valued at $6,504,420.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the sale, the general counsel now owns 48,713 shares of the company's stock, valued at $6,417,450.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,467 shares of company stock valued at $8,433,168. Insiders own 1.10% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on ICE shares. Piper Sandler upped their target price on Intercontinental Exchange from $135.00 to $149.00 and gave the company an "overweight" rating in a research report on Monday, February 12th. Rosenblatt Securities reaffirmed a "buy" rating and set a $164.00 price objective on shares of Intercontinental Exchange in a research report on Friday, May 3rd. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, May 13th. Barclays cut their price target on shares of Intercontinental Exchange from $155.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an "outperform" rating on the stock in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and a consensus target price of $148.29.
Check Out Our Latest Analysis on Intercontinental Exchange
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.
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