Czech National Bank Acquires 6,302 Shares of Intercontinental Exchange Inc. $ICE

Czech National Bank grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,966 shares of the financial services provider’s stock after acquiring an additional 6,302 shares during the quarter. Czech National Bank’s holdings in Intercontinental Exchange were worth $19,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in Intercontinental Exchange by 15.1% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 133,682 shares of the financial services provider’s stock valued at $16,458,000 after purchasing an additional 17,490 shares during the period. Assenagon Asset Management S.A. boosted its stake in Intercontinental Exchange by 478.6% during the second quarter. Assenagon Asset Management S.A. now owns 496,030 shares of the financial services provider’s stock worth $61,066,000 after buying an additional 410,305 shares in the last quarter. JGP Wealth Management LLC increased its holdings in Intercontinental Exchange by 2.0% in the 2nd quarter. JGP Wealth Management LLC now owns 54,975 shares of the financial services provider’s stock valued at $6,768,000 after buying an additional 1,068 shares during the period. Mirador Capital Partners LP grew its stake in shares of Intercontinental Exchange by 0.4% in the 2nd quarter. Mirador Capital Partners LP now owns 35,330 shares of the financial services provider’s stock valued at $4,349,000 after purchasing an additional 148 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 0.9% during the 2nd quarter. Avior Wealth Management LLC now owns 12,847 shares of the financial services provider’s stock worth $1,582,000 after buying an additional 112 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In other news, SVP Douglas Foley sold 7,300 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $148.88, for a total value of $1,086,824.00. Following the completion of the sale, the senior vice president owned 19,063 shares of the company’s stock, valued at approximately $2,838,099.44. This represents a 27.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 4,573 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $151.56, for a total transaction of $693,083.88. Following the completion of the transaction, the general counsel directly owned 45,473 shares of the company’s stock, valued at $6,891,887.88. This represents a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 20,725 shares of company stock worth $3,133,148. 0.84% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ICE. Rothschild & Co Redburn set a $177.00 price objective on shares of Intercontinental Exchange in a research note on Thursday, June 11th. Wall Street Zen lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Barclays reiterated an “overweight” rating and set a $182.00 price target (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Raymond James Financial set a $208.00 price target on Intercontinental Exchange in a research note on Monday, July 6th. Finally, TD Cowen reaffirmed a “buy” rating and set a $177.00 target price (up from $159.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and an average price target of $183.33.

Intercontinental Exchange Stock Up 0.4%

Shares of NYSE:ICE opened at $150.35 on Friday. The company has a 50 day moving average price of $139.52 and a two-hundred day moving average price of $152.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $84.40 billion, a PE ratio of 21.24, a PEG ratio of 1.48 and a beta of 0.92. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the business earned $1.81 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Analysts forecast that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current year.

About Intercontinental Exchange

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.