Intercontinental Exchange Inc (ICE) Stake Increased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its stake in shares of Intercontinental Exchange Inc (NYSE:ICE) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,614 shares of the financial services provider’s stock after acquiring an additional 2,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Intercontinental Exchange were worth $7,585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICE. Norges Bank purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $379,351,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Intercontinental Exchange by 7,340.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,677,692 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 4,614,825 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Intercontinental Exchange by 153.4% during the 4th quarter. Millennium Management LLC now owns 3,674,867 shares of the financial services provider’s stock valued at $276,828,000 after acquiring an additional 2,224,434 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Intercontinental Exchange by 533.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,734,836 shares of the financial services provider’s stock valued at $130,685,000 after acquiring an additional 1,461,030 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Intercontinental Exchange by 49.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,165,080 shares of the financial services provider’s stock valued at $238,426,000 after acquiring an additional 1,054,057 shares during the last quarter. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

In related news, General Counsel Andrew J. Surdykowski sold 1,200 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $81.00, for a total value of $97,200.00. Following the completion of the transaction, the general counsel now directly owns 41,161 shares of the company’s stock, valued at $3,334,041. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 92,502 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $74.33, for a total transaction of $6,875,673.66. Following the completion of the transaction, the chief executive officer now directly owns 1,553,471 shares of the company’s stock, valued at $115,469,499.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 215,457 shares of company stock valued at $16,327,598. 1.50% of the stock is currently owned by insiders.

Intercontinental Exchange stock opened at $81.31 on Thursday. The company has a market cap of $45.85 billion, a PE ratio of 22.65, a P/E/G ratio of 2.63 and a beta of 0.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. Intercontinental Exchange Inc has a 1 year low of $69.33 and a 1 year high of $82.65.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. As a group, analysts anticipate that Intercontinental Exchange Inc will post 3.73 earnings per share for the current fiscal year.

ICE has been the topic of several recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $85.50 price objective on shares of Intercontinental Exchange in a research note on Monday, February 11th. Deutsche Bank lowered their price objective on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Wells Fargo & Co reiterated a “hold” rating on shares of Intercontinental Exchange in a research note on Thursday, February 7th. Finally, ValuEngine cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $85.55.

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About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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