C WorldWide Group Holding A S Lowers Stock Holdings in Intercontinental Exchange Inc. $ICE

C WorldWide Group Holding A S lessened its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 16.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,375,626 shares of the financial services provider’s stock after selling 276,575 shares during the quarter. Intercontinental Exchange makes up 3.6% of C WorldWide Group Holding A S’s portfolio, making the stock its 11th largest position. C WorldWide Group Holding A S’s holdings in Intercontinental Exchange were worth $231,765,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake 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 period. Empowered Funds LLC lifted its stake in Intercontinental Exchange by 9.0% in the 1st quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 1,189 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Intercontinental Exchange by 16.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 289 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Intercontinental Exchange in the second quarter worth about $189,000. Finally, Simplicity Wealth LLC lifted its position in shares of Intercontinental Exchange by 198.4% in the second quarter. Simplicity Wealth LLC now owns 4,506 shares of the financial services provider’s stock worth $827,000 after buying an additional 2,996 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ICE shares. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Barclays set a $182.00 price target on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. lowered their price objective 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. Morgan Stanley set a $180.00 price objective on shares of Intercontinental Exchange and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $211.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $193.50.

Intercontinental Exchange Price Performance

ICE opened at $164.60 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a market cap of $93.85 billion, a P/E ratio of 29.98, a PEG ratio of 1.97 and a beta of 1.02. The business has a fifty day moving average of $164.73 and a 200 day moving average of $166.58. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35.

Insiders Place Their Bets

In other news, Director Judith A. Sprieser sold 3,700 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $157.96, for a total transaction of $584,452.00. Following the transaction, the director directly owned 14,469 shares of the company’s stock, valued at approximately $2,285,523.24. This represents a 20.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $163.20, for a total value of $261,120.00. Following the transaction, the senior vice president owned 24,196 shares in the company, valued at approximately $3,948,787.20. This trade represents a 6.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 166,068 shares of company stock valued at $25,470,702. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Company 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.