Intercontinental Exchange, Inc. (NYSE:ICE) is iSAM Funds UK Ltd’s 5th Largest Position

iSAM Funds UK Ltd raised its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 105.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 12,383 shares of the financial services provider’s stock after purchasing an additional 6,369 shares during the period. Intercontinental Exchange comprises approximately 1.1% of iSAM Funds UK Ltd’s holdings, making the stock its 5th largest position. iSAM Funds UK Ltd’s holdings in Intercontinental Exchange were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ICE. Janus Henderson Group PLC lifted its stake in Intercontinental Exchange by 326.3% in the third quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider’s stock valued at $726,196,000 after buying an additional 3,460,096 shares during the last quarter. FMR LLC lifted its stake in Intercontinental Exchange by 44.1% in the third quarter. FMR LLC now owns 7,846,421 shares of the financial services provider’s stock valued at $1,260,449,000 after buying an additional 2,401,630 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Intercontinental Exchange by 285.9% in the third quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider’s stock valued at $282,148,000 after buying an additional 1,301,200 shares during the last quarter. James Hambro & Partners purchased a new stake in Intercontinental Exchange in the second quarter valued at approximately $93,340,000. Finally, Assenagon Asset Management S.A. lifted its stake in Intercontinental Exchange by 426.3% in the third quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider’s stock valued at $115,898,000 after buying an additional 584,400 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In other news, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the sale, the insider now directly owns 14,034 shares in the company, valued at $2,284,875.54. This represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares in the company, valued at $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,696 shares of company stock worth $1,554,559. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ICE has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Morgan Stanley boosted their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Friday, November 1st. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Barclays dropped their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.13.

Intercontinental Exchange Trading Down 0.3 %

Shares of ICE stock opened at $155.93 on Friday. The business’s fifty day moving average price is $160.43 and its 200 day moving average price is $152.40. Intercontinental Exchange, Inc. has a 1-year low of $111.82 and a 1-year high of $167.99. The firm has a market capitalization of $89.53 billion, a PE ratio of 36.95, a P/E/G ratio of 2.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 earnings per share. As a group, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Intercontinental Exchange Company 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.