Intercontinental Exchange Inc. $ICE Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 503.7% in the third quarter, Holdings Channel.com reports. The fund owned 1,133,892 shares of the financial services provider’s stock after purchasing an additional 946,065 shares during the period. Assenagon Asset Management S.A.’s holdings in Intercontinental Exchange were worth $191,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter valued at approximately $28,000. Activest Wealth Management boosted its position in shares of Intercontinental Exchange by 4,050.0% during the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after buying an additional 162 shares during the period. Westside Investment Management Inc. purchased a new position in shares of Intercontinental Exchange during the second quarter worth $29,000. Hilltop National Bank acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at $31,000. Finally, Knuff & Co LLC raised its holdings in shares of Intercontinental Exchange by 73.3% in the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after buying an additional 74 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of research analyst reports. Raymond James Financial upgraded Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 target price for the company in a report on Monday, October 13th. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. UBS Group dropped their price objective on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a report on Friday, October 31st. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $194.70.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,081 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $151.00, for a total transaction of $314,231.00. Following the sale, the general counsel owned 44,212 shares of the company’s stock, valued at approximately $6,676,012. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total transaction of $22,962,000.00. Following the sale, the chief executive officer owned 1,801,705 shares of the company’s stock, valued at $275,805,001.40. This represents a 7.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 176,150 shares of company stock valued at $27,072,531 over the last three months. 1.00% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Down 0.9%

Intercontinental Exchange stock opened at $160.00 on Wednesday. The stock has a market cap of $91.23 billion, a PE ratio of 29.14, a P/E/G ratio of 2.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s fifty day moving average is $154.99 and its two-hundred day moving average is $169.85. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.71. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the firm posted $1.55 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.