National Mutual Insurance Federation of Agricultural Cooperatives Purchases 43,000 Shares of Intercontinental Exchange Inc. $ICE

National Mutual Insurance Federation of Agricultural Cooperatives increased its position in Intercontinental Exchange Inc. (NYSE:ICE) by 26.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 203,000 shares of the financial services provider’s stock after buying an additional 43,000 shares during the period. Intercontinental Exchange comprises approximately 0.2% of National Mutual Insurance Federation of Agricultural Cooperatives’ holdings, making the stock its 25th largest position. National Mutual Insurance Federation of Agricultural Cooperatives’ holdings in Intercontinental Exchange were worth $32,878,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dynasty Wealth Management LLC bought a new position in Intercontinental Exchange in the 3rd quarter worth $897,000. Rockland Trust Co. grew its position in shares of Intercontinental Exchange by 19.7% during the third quarter. Rockland Trust Co. now owns 127,652 shares of the financial services provider’s stock valued at $21,507,000 after purchasing an additional 20,981 shares in the last quarter. Eastern Bank grew its position in shares of Intercontinental Exchange by 14.6% during the third quarter. Eastern Bank now owns 203,731 shares of the financial services provider’s stock valued at $34,325,000 after purchasing an additional 25,980 shares in the last quarter. M&G PLC grew its position in shares of Intercontinental Exchange by 18.4% during the third quarter. M&G PLC now owns 107,070 shares of the financial services provider’s stock valued at $17,988,000 after purchasing an additional 16,635 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. grew its position in shares of Intercontinental Exchange by 15.9% during the third quarter. McKinley Carter Wealth Services Inc. now owns 31,506 shares of the financial services provider’s stock valued at $5,308,000 after purchasing an additional 4,333 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.0%

Shares of NYSE ICE opened at $155.76 on Monday. The firm’s 50-day moving average price is $160.25 and its 200-day moving average price is $160.01. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $88.09 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.44 and a beta of 0.96. Intercontinental Exchange Inc. has a 12-month low of $143.17 and a 12-month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.12. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.72 EPS. On average, equities research analysts anticipate that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal year.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 11,303 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the sale, the insider directly owned 14,266 shares in the company, valued at approximately $2,194,396.12. This represents a 44.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 3,865 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.73, for a total transaction of $594,166.45. Following the sale, the president owned 165,304 shares in the company, valued at $25,412,183.92. This represents a 2.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 343,696 shares of company stock worth $53,397,715. 0.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler restated an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Friday, March 6th. UBS Group restated a “buy” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Monday, February 9th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $194.10.

Intercontinental Exchange 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.