WINTON GROUP Ltd Takes Position in Intercontinental Exchange Inc. $ICE

WINTON GROUP Ltd bought a new position in Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,200 shares of the financial services provider’s stock, valued at approximately $4,703,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Engineers Gate Manager LP raised its position in Intercontinental Exchange by 86.5% during the second quarter. Engineers Gate Manager LP now owns 136,793 shares of the financial services provider’s stock valued at $16,841,000 after acquiring an additional 63,456 shares in the last quarter. Cidel Asset Management Inc. boosted its position in Intercontinental Exchange by 11.8% in the 2nd quarter. Cidel Asset Management Inc. now owns 2,205 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 232 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Intercontinental Exchange by 6.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,513 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 319 shares in the last quarter. Community Bank N.A. grew its stake in shares of Intercontinental Exchange by 84.7% during the 2nd quarter. Community Bank N.A. now owns 761 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 349 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Intercontinental Exchange by 20.8% during the 2nd quarter. NewEdge Advisors LLC now owns 48,066 shares of the financial services provider’s stock worth $5,917,000 after purchasing an additional 8,291 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ICE shares. TD Cowen reiterated a “buy” rating and issued a $177.00 target price (up from $159.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. Morgan Stanley dropped their price target on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $178.00 price objective on shares of Intercontinental Exchange in a report on Friday, July 31st. Barclays reiterated an “overweight” rating and issued a $182.00 price objective (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, UBS Group restated a “buy” rating and set a $195.00 target price (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.17.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $155.73 on Friday. The stock has a market capitalization of $87.43 billion, a P/E ratio of 22.00, a P/E/G ratio of 1.52 and a beta of 0.93. The company’s fifty day moving average price is $150.64 and its 200 day moving average price is $151.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $176.59.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period last year, the firm posted $1.81 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Andrew Surdykowski sold 4,574 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $161.77, for a total transaction of $739,935.98. Following the completion of the transaction, the general counsel owned 43,065 shares in the company, valued at $6,966,625.05. This represents a 9.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 12,862 shares of Intercontinental Exchange stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $160.09, for a total value of $2,059,077.58. Following the completion of the sale, the president owned 164,264 shares in the company, valued at approximately $26,297,023.76. The trade was a 7.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 39,579 shares of company stock worth $6,217,715. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc (NYSE: ICE) operates global exchanges, clearinghouses, data services and technology platforms. The company provides marketplaces for trading and clearing a range of financial and commodity products, including energy, agricultural commodities, interest rates, credit and equities.

ICE owns and operates the New York Stock Exchange and related equity markets, as well as futures and options exchanges in North America and Europe. Its businesses also include ICE Data Services, which provides market data, analytics, connectivity and other information services to financial institutions and corporations.

Through ICE Mortgage Technology, the company offers software and digital platforms designed to support residential mortgage origination, processing, servicing and related workflows.