Swedbank AB Raises Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Swedbank AB boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2,293.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,215,767 shares of the financial services provider’s stock after acquiring an additional 2,123,185 shares during the period. Swedbank AB’s holdings in Intercontinental Exchange were worth $330,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ICE. Hantz Financial Services Inc. raised its position in shares of Intercontinental Exchange by 8.9% during the 4th quarter. Hantz Financial Services Inc. now owns 7,321 shares of the financial services provider’s stock worth $1,091,000 after purchasing an additional 599 shares during the last quarter. Forsta AP Fonden boosted its position in shares of Intercontinental Exchange by 3.3% during the fourth quarter. Forsta AP Fonden now owns 122,000 shares of the financial services provider’s stock worth $18,179,000 after buying an additional 3,900 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Intercontinental Exchange by 56.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 483,897 shares of the financial services provider’s stock valued at $72,105,000 after buying an additional 175,150 shares in the last quarter. R Squared Ltd purchased a new stake in Intercontinental Exchange during the fourth quarter valued at about $801,000. Finally, Mayflower Financial Advisors LLC increased its holdings in shares of Intercontinental Exchange by 6.6% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,655 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the transaction, the president now directly owns 156,163 shares of the company’s stock, valued at $24,986,080. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,795 shares of company stock worth $2,120,572. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ICE shares. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a report on Monday, October 14th. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Piper Sandler boosted their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.27.

Intercontinental Exchange Stock Down 0.3 %

Shares of NYSE ICE traded down $0.48 during mid-day trading on Wednesday, hitting $158.36. The company had a trading volume of 103,369 shares, compared to its average volume of 3,147,235. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $167.99. The company has a market capitalization of $90.93 billion, a PE ratio of 37.52, a price-to-earnings-growth ratio of 2.95 and a beta of 1.10. The firm has a 50-day simple moving average of $153.07 and a two-hundred day simple moving average of $156.32. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 earnings per share. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.05 EPS for the current year.

Intercontinental Exchange Profile

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.