Intercontinental Exchange Inc. $ICE Shares Bought by Tredje AP fonden

Tredje AP fonden lifted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 28.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 223,390 shares of the financial services provider’s stock after buying an additional 50,000 shares during the period. Tredje AP fonden’s holdings in Intercontinental Exchange were worth $37,637,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Intercontinental Exchange during the second quarter worth about $1,542,780,000. Sands Capital Management LLC lifted its holdings in shares of Intercontinental Exchange by 97.3% in the 2nd quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after buying an additional 2,620,310 shares during the period. C WorldWide Group Holding A S boosted its stake in shares of Intercontinental Exchange by 29,199.5% in the second quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock valued at $303,129,000 after buying an additional 1,646,562 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in Intercontinental Exchange by 179.1% in the third quarter. Mawer Investment Management Ltd. now owns 2,472,366 shares of the financial services provider’s stock valued at $416,544,000 after acquiring an additional 1,586,620 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Intercontinental Exchange by 55.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,781,542 shares of the financial services provider’s stock valued at $510,330,000 after acquiring an additional 994,316 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Intercontinental Exchange

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: Kraken integration — Kraken has integrated with ICE Chat to expand institutional OTC crypto access, which advances ICE’s push into crypto infrastructure and could boost trading/data volumes over time. Kraken Integrates with ICE Chat
• Positive Sentiment: Fundamentals & analyst support — ICE recently reported an EPS beat and revenue above expectations, continues to pay a quarterly dividend, and retains a mostly positive analyst consensus/price targets, providing fundamental support under the stock. MarketBeat Coverage
• Neutral Sentiment: Pune office lease — ICE’s India arm leased space for a global capability center in Pune (commercial real estate move that supports operations expansion but is not material to near-term earnings). ICE leases Pune GCC space
• Neutral Sentiment: Small institutional flows — Recent filings show many small, new institutional stakes; institutional ownership remains high (~89%), but recent buys/sells cited are immaterial at scale. Institutional activity
• Negative Sentiment: Large CEO selling — CEO Jeffrey C. Sprecher sold significant blocks of shares (reported filings show ~150,000 and ~129,937-share dispositions around Feb 18). Large CEO sales are the most likely proximate cause of today’s negative sentiment. CEO SEC filing
• Negative Sentiment: CTO sale — CTO Mayur Kapani sold 15,213 shares (~$2.36M) on Feb 18, a ~19% reduction in his holding. CTO SEC filing
• Negative Sentiment: Other executive selling — Additional insider sales reported: President Benjamin Jackson (3,865 sh), CFO Warren Gardiner (2,490 sh), and insider Christopher Scott Edmonds (11,303 sh). These clustered sales amplify negative investor perception even though executives retain sizable holdings. President SEC filing CFO SEC filing Insider Edmonds SEC filing

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $154.00 on Friday. The firm has a 50-day moving average of $164.58 and a two-hundred day moving average of $164.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $87.45 billion, a P/E ratio of 26.69, a PEG ratio of 1.60 and a beta of 1.02. Intercontinental Exchange Inc. has a 1-year low of $143.17 and a 1-year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the business earned $1.52 EPS. Intercontinental Exchange’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 annualized dividend and a dividend yield of 1.4%. Intercontinental Exchange’s dividend payout ratio (DPR) is 33.28%.

Insider Activity

In other news, Director Judith A. Sprieser sold 4,722 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $169.19, for a total value of $798,915.18. Following the completion of the sale, the director owned 9,747 shares in the company, valued at $1,649,094.93. This represents a 32.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 12,861 shares of Intercontinental Exchange stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $165.00, for a total value of $2,122,065.00. Following the completion of the transaction, the president owned 165,692 shares in the company, valued at $27,339,180. The trade was a 7.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 341,036 shares of company stock worth $53,068,762 over the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of recent analyst reports. Barclays set a $193.00 price target on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. dropped their target price on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $180.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Piper Sandler restated an “overweight” rating and issued a $195.00 price target (down previously from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Finally, TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $195.40.

About Intercontinental Exchange

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.