MUFG Securities EMEA plc trimmed its position in Intercontinental Exchange Inc (NYSE:ICE) by 36.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,000 shares of the financial services provider’s stock after selling 110,000 shares during the quarter. MUFG Securities EMEA plc’s holdings in Intercontinental Exchange were worth $16,329,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ICE. Lazard Asset Management LLC increased its holdings in Intercontinental Exchange by 63.8% in the 1st quarter. Lazard Asset Management LLC now owns 12,800,711 shares of the financial services provider’s stock worth $974,645,000 after buying an additional 4,986,008 shares during the period. Veritas Asset Management LLP purchased a new position in shares of Intercontinental Exchange during the 2nd quarter valued at approximately $414,300,000. Artisan Partners Limited Partnership lifted its stake in shares of Intercontinental Exchange by 107.1% in the 1st quarter. Artisan Partners Limited Partnership now owns 4,378,312 shares of the financial services provider’s stock valued at $333,365,000 after purchasing an additional 2,264,702 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Intercontinental Exchange by 85.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,307,224 shares of the financial services provider’s stock valued at $99,532,000 after purchasing an additional 602,274 shares during the period. Finally, TD Asset Management Inc. boosted its holdings in Intercontinental Exchange by 91.9% during the second quarter. TD Asset Management Inc. now owns 1,021,707 shares of the financial services provider’s stock worth $87,806,000 after buying an additional 489,215 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.
NYSE ICE traded down $0.92 on Wednesday, hitting $89.20. The company had a trading volume of 1,378,718 shares, compared to its average volume of 1,652,322. The company has a market capitalization of $51.66 billion, a PE ratio of 24.85, a PEG ratio of 2.99 and a beta of 0.50. The company’s fifty day moving average price is $91.59 and its 200-day moving average price is $83.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange Inc has a 12-month low of $69.69 and a 12-month high of $95.55.
Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 earnings per share. On average, sell-side analysts anticipate that Intercontinental Exchange Inc will post 3.77 EPS for the current year.
In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $86.74, for a total transaction of $1,301,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 1,896 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $90.26, for a total value of $171,132.96. The disclosure for this sale can be found here. Insiders sold a total of 167,160 shares of company stock worth $15,261,966 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently issued reports on ICE shares. 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 note on Monday, July 22nd. Raymond James lifted their price target on Intercontinental Exchange from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Intercontinental Exchange currently has an average rating of “Buy” and an average target price of $88.25.
Intercontinental Exchange 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.
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