Intercontinental Exchange Inc. $ICE Shares Purchased by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 15.1% in the second quarter, HoldingsChannel reports. The firm owned 133,682 shares of the financial services provider’s stock after purchasing an additional 17,490 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Intercontinental Exchange were worth $16,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in shares of 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 during the period. JGP Wealth Management LLC raised its stake in Intercontinental Exchange by 2.0% during 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 acquiring an additional 1,068 shares in the last quarter. Mirador Capital Partners LP boosted its position in Intercontinental Exchange by 0.4% during the 2nd quarter. Mirador Capital Partners LP now owns 35,330 shares of the financial services provider’s stock worth $4,349,000 after acquiring an additional 148 shares during the period. Avior Wealth Management LLC grew its stake in shares of Intercontinental Exchange by 0.9% in the second quarter. Avior Wealth Management LLC now owns 12,847 shares of the financial services provider’s stock worth $1,582,000 after purchasing an additional 112 shares in the last quarter. Finally, Arlington Partners LLC increased its holdings in shares of Intercontinental Exchange by 18.9% during the second quarter. Arlington Partners LLC now owns 1,802 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 287 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 0.4%

NYSE ICE opened at $150.35 on Friday. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $189.35. The company has a market capitalization of $84.40 billion, a P/E ratio of 21.24, a PEG ratio of 1.48 and a beta of 0.92. The company’s 50 day simple moving average is $139.52 and its 200 day simple moving average is $152.97. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.81 earnings per share. Equities research analysts expect that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current fiscal year.

Insider Activity at Intercontinental Exchange

In other news, Director Sharon Bowen sold 667 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the completion of the sale, the director directly owned 15,077 shares of the company’s stock, valued at $2,280,848.56. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Douglas Foley sold 7,300 shares of Intercontinental Exchange stock in a transaction 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 transaction, the senior vice president owned 19,063 shares in the company, valued at $2,838,099.44. The trade was a 27.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 20,725 shares of company stock worth $3,133,148. 0.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ICE shares. Morgan Stanley decreased their target price on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $178.00 price objective on shares of Intercontinental Exchange in a report on Friday, July 31st. The Goldman Sachs Group dropped their target price on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Weiss Ratings raised Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Finally, UBS Group reiterated a “buy” rating and set a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. One research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $183.33.

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.