Winslow Capital Management LLC lowered its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,864,100 shares of the financial services provider’s stock after selling 164,336 shares during the quarter. Intercontinental Exchange comprises about 1.5% of Winslow Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. Winslow Capital Management LLC owned approximately 0.67% of Intercontinental Exchange worth $280,225,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at $109,000. Valeo Financial Advisors LLC raised its holdings in shares of Intercontinental Exchange by 257.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,627 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,172 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at $122,000. Bedel Financial Consulting Inc. bought a new position in shares of Intercontinental Exchange during the 1st quarter valued at $127,000. Finally, Institutional & Family Asset Management LLC bought a new position in shares of Intercontinental Exchange during the 1st quarter valued at $128,000. Institutional investors and hedge funds own 89.00% of the company’s stock.
Intercontinental Exchange traded up $0.51, reaching $76.49, during midday trading on Thursday, Marketbeat.com reports. The stock had a trading volume of 23,647 shares, compared to its average volume of 2,201,849. Intercontinental Exchange Inc has a 1-year low of $61.54 and a 1-year high of $76.30. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $42.74 billion, a PE ratio of 25.76, a PEG ratio of 2.01 and a beta of 0.62.
Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 3rd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. Intercontinental Exchange had a net margin of 41.65% and a return on equity of 11.14%. Intercontinental Exchange’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. analysts anticipate that Intercontinental Exchange Inc will post 3.52 EPS for the current fiscal year.
A number of research analysts have recently weighed in on ICE shares. Bank of America cut their price target on shares of Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Argus restated a “buy” rating and set a $67.00 price target (down previously from $80.00) on shares of Intercontinental Exchange in a report on Friday, February 9th. JPMorgan Chase & Co. upgraded shares of Intercontinental Exchange from a “neutral” rating to an “overweight” rating and raised their price target for the company from $76.00 to $83.00 in a report on Tuesday, February 20th. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, ValuEngine upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $78.36.
In other Intercontinental Exchange news, Director William Jefferson Hague sold 1,010 shares of the firm’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $71.14, for a total value of $71,851.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Mark Wassersug sold 7,898 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $74.19, for a total transaction of $585,952.62. The disclosure for this sale can be found here. Insiders sold a total of 249,059 shares of company stock worth $17,756,004 over the last 90 days. Company insiders own 1.50% of the company’s stock.
Intercontinental Exchange Profile
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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