Intercontinental Exchange Inc. $ICE Shares Bought by Lmcg Investments LLC

Lmcg Investments LLC boosted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 32.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,413 shares of the financial services provider’s stock after purchasing an additional 6,288 shares during the period. Lmcg Investments LLC’s holdings in Intercontinental Exchange were worth $3,997,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. J. Stern & Co. LLP lifted its position in shares of Intercontinental Exchange by 17,398.1% during the 4th quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock worth $8,763,214,000 after buying an additional 53,798,055 shares during the period. Norges Bank bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $1,418,228,000. Viking Global Investors LP acquired a new stake in Intercontinental Exchange in the fourth quarter worth about $777,926,000. Wellington Management Group LLP raised its stake in shares of Intercontinental Exchange by 64.7% during the third quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock worth $1,744,480,000 after buying an additional 4,067,922 shares during the last quarter. Finally, Boston Partners raised its position in shares of Intercontinental Exchange by 148.6% during the 4th quarter. Boston Partners now owns 3,203,845 shares of the financial services provider’s stock valued at $519,701,000 after acquiring an additional 1,914,851 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 4,271 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $155.42, for a total transaction of $663,798.82. Following the completion of the sale, the chief technology officer directly owned 64,869 shares in the company, valued at approximately $10,081,939.98. This represents a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Warren Gardiner sold 2,490 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total value of $390,033.60. Following the sale, the chief financial officer directly owned 25,189 shares in the company, valued at approximately $3,945,604.96. This trade represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 13,425 shares of company stock worth $2,046,324. Corporate insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $137.10 on Thursday. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $189.35. The company’s 50 day moving average price is $143.33 and its two-hundred day moving average price is $155.91. The firm has a market cap of $77.53 billion, a PE ratio of 19.96, a PEG ratio of 1.28 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 earnings per share. Equities research analysts predict that Intercontinental Exchange Inc. will post 8.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ICE. TD Cowen lowered their target price on Intercontinental Exchange from $193.00 to $153.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Keefe, Bruyette & Woods began coverage on Intercontinental Exchange in a research note on Wednesday, April 8th. They set an “outperform” rating and a $190.00 target price for the company. Raymond James Financial set a $208.00 price objective on shares of Intercontinental Exchange in a report on Monday. Barclays reissued an “overweight” rating and issued a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a research report on Friday, May 1st. Finally, UBS Group reduced their target price on shares of Intercontinental Exchange from $205.00 to $190.00 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $187.08.

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.