3,398 Shares in Intercontinental Exchange Inc. $ICE Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Intercontinental Exchange Inc. (NYSE:ICE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,398 shares of the financial services provider’s stock, valued at approximately $418,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Brooklands Fund Management Ltd bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $28,000. Swiss RE Ltd. bought a new position in Intercontinental Exchange in the fourth quarter worth about $28,000. Lloyd Advisory Services LLC. purchased a new stake in Intercontinental Exchange in the fourth quarter worth about $30,000. Rakuten Securities Inc. purchased a new stake in Intercontinental Exchange in the second quarter worth about $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $37,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Up 0.8%

NYSE ICE opened at $162.46 on Friday. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $177.76. The stock has a market cap of $91.20 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.58 and a beta of 0.92. The stock’s fifty day moving average price is $144.90 and its 200-day moving average price is $151.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.06. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.Intercontinental Exchange’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 EPS. As a group, equities analysts forecast that Intercontinental Exchange Inc. will post 8.1 EPS for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 4,574 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $161.77, for a total value of $739,935.98. Following the transaction, the general counsel owned 43,065 shares in the company, valued at approximately $6,966,625.05. This represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Warren Gardiner sold 2,491 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $156.30, for a total transaction of $389,343.30. Following the sale, the chief financial officer owned 22,698 shares in the company, valued at approximately $3,547,697.40. The trade was a 9.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 23,141 shares of company stock worth $3,554,192 in the last 90 days. Insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ICE shares. Piper Sandler reduced their target price on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. The Goldman Sachs Group lowered their target price on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings upgraded Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, TD Cowen reiterated a “buy” rating and issued a $177.00 price objective (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 issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange 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.