Intercontinental Exchange Inc. $ICE Shares Purchased by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 15.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,682 shares of the financial services provider’s stock after acquiring an additional 17,490 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Intercontinental Exchange were worth $16,458,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ares Financial Consulting LLC acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $25,000. Brooklands Fund Management Ltd acquired a new stake in shares of Intercontinental Exchange in the fourth quarter worth $28,000. Swiss RE Ltd. purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at $28,000. Steph & Co. lifted its holdings in shares of Intercontinental Exchange by 104.7% during the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 89 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at $30,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ICE has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Wall Street Zen downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. 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. Barclays reissued an “overweight” rating and set a $182.00 price target (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, Piper Sandler decreased their price target on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.33.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $150.35 on Friday. 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 company’s fifty day moving average price is $139.52 and its two-hundred day moving average price is $152.97. The firm has a market capitalization of $84.40 billion, a P/E ratio of 21.24, a P/E/G ratio of 1.48 and a beta of 0.92. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period last year, the firm earned $1.81 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. On average, research analysts anticipate that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current fiscal year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director William Jefferson Hague sold 1,333 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $139.46, for a total transaction of $185,900.18. Following the completion of the sale, the director owned 20,132 shares in the company, valued at $2,807,608.72. This trade represents a 6.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Warren Gardiner sold 2,490 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total value of $390,033.60. Following the completion of the transaction, the chief financial officer directly owned 25,189 shares in the company, valued at approximately $3,945,604.96. The trade was a 9.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,725 shares of company stock valued at $3,133,148 in the last three months. 0.84% of the stock is currently owned by company insiders.

Intercontinental Exchange Company Profile

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.