Soros Fund Management LLC Purchases 4,231 Shares of Intercontinental Exchange Inc (ICE)
Soros Fund Management LLC boosted its position in Intercontinental Exchange Inc (NYSE:ICE) by 2.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,875 shares of the financial services provider’s stock after purchasing an additional 4,231 shares during the quarter. Soros Fund Management LLC’s holdings in Intercontinental Exchange were worth $12,421,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Unigestion Holding SA purchased a new stake in shares of Intercontinental Exchange during the second quarter worth about $92,852,000. OppenheimerFunds Inc. grew its stake in shares of Intercontinental Exchange by 17.1% during the second quarter. OppenheimerFunds Inc. now owns 6,938,214 shares of the financial services provider’s stock worth $510,306,000 after acquiring an additional 1,011,626 shares during the last quarter. BlackRock Inc. grew its stake in shares of Intercontinental Exchange by 2.5% during the first quarter. BlackRock Inc. now owns 38,207,564 shares of the financial services provider’s stock worth $2,770,811,000 after acquiring an additional 935,860 shares during the last quarter. CI Global Investments Inc. purchased a new stake in shares of Intercontinental Exchange during the first quarter worth about $47,938,000. Finally, Janus Henderson Group PLC grew its stake in shares of Intercontinental Exchange by 5.7% during the second quarter. Janus Henderson Group PLC now owns 11,536,121 shares of the financial services provider’s stock worth $848,486,000 after acquiring an additional 619,979 shares during the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.
Shares of NYSE ICE opened at $77.72 on Friday. The company has a market capitalization of $43.77 billion, a P/E ratio of 26.35, a PEG ratio of 2.23 and a beta of 0.64. Intercontinental Exchange Inc has a 52 week low of $64.91 and a 52 week high of $78.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 0.98.
In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $73.28, for a total value of $5,862,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Charles A. Vice sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $72.59, for a total value of $2,540,650.00. Following the completion of the sale, the insider now owns 419,907 shares in the company, valued at approximately $30,481,049.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 288,259 shares of company stock worth $21,554,161. Insiders own 1.50% of the company’s stock.
ICE has been the topic of a number of research analyst reports. Compass Point initiated coverage on Intercontinental Exchange in a research note on Friday, June 22nd. They set a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. ValuEngine lowered Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Saturday, June 16th. Rosenblatt Securities initiated coverage on Intercontinental Exchange in a research report on Wednesday, September 5th. They issued a “buy” rating and a $88.00 target price on the stock. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $80.00 target price (up previously from $74.00) on shares of Intercontinental Exchange in a research report on Monday, July 9th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $81.44.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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