Cantillon Capital Management LLC Has $558.17 Million Stock Position in Intercontinental Exchange Inc. $ICE

Cantillon Capital Management LLC cut its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,312,950 shares of the financial services provider’s stock after selling 36,483 shares during the quarter. Intercontinental Exchange comprises 3.1% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Cantillon Capital Management LLC owned approximately 0.58% of Intercontinental Exchange worth $558,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its position in Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 1,169 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Intercontinental Exchange by 9.0% in the first quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock valued at $2,483,000 after buying an additional 1,189 shares during the period. Sivia Capital Partners LLC grew its position in Intercontinental Exchange by 16.2% during the second quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock worth $381,000 after buying an additional 289 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in Intercontinental Exchange by 3.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 2,112 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 70 shares during the period. Finally, Norden Group LLC acquired a new position in Intercontinental Exchange in the 2nd quarter valued at approximately $243,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total value of $22,962,000.00. Following the transaction, the chief executive officer owned 1,801,705 shares of the company’s stock, valued at approximately $275,805,001.40. The trade was a 7.69% 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 hyperlink. Also, CTO Mayur Kapani sold 5,345 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $156.67, for a total value of $837,401.15. Following the sale, the chief technology officer owned 65,240 shares in the company, valued at $10,221,150.80. The trade was a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 166,068 shares of company stock worth $25,470,702 over the last ninety days. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Stock Up 1.5%

ICE opened at $174.44 on Friday. The firm has a market cap of $99.46 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.09 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50-day simple moving average is $161.48 and its 200-day simple moving average is $167.30. Intercontinental Exchange Inc. has a twelve month low of $143.17 and a twelve month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting analysts’ consensus estimates of $1.71. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 earnings per share. Equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ICE shares. Barclays set a $182.00 price objective on Intercontinental Exchange and gave the stock an “overweight” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Piper Sandler reissued an “overweight” rating and issued a $195.00 price target (down previously from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $193.50.

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.