Aster Capital Management DIFC Ltd Acquires Shares of 3,819 Intercontinental Exchange Inc. $ICE

Aster Capital Management DIFC Ltd bought a new position in Intercontinental Exchange Inc. (NYSE:ICE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,819 shares of the financial services provider’s stock, valued at approximately $619,000.

Several other hedge funds also recently made changes to their positions in the company. Delta Global Management LP grew its position in shares of Intercontinental Exchange by 477.7% in the 4th quarter. Delta Global Management LP now owns 219,839 shares of the financial services provider’s stock worth $35,605,000 after acquiring an additional 181,786 shares in the last quarter. Rakuten Investment Management Inc. grew its position in shares of Intercontinental Exchange by 136.2% in the 4th quarter. Rakuten Investment Management Inc. now owns 75,102 shares of the financial services provider’s stock worth $12,315,000 after acquiring an additional 43,303 shares in the last quarter. L2 Asset Management LLC grew its position in shares of Intercontinental Exchange by 7.0% in the 4th quarter. L2 Asset Management LLC now owns 2,867 shares of the financial services provider’s stock worth $464,000 after acquiring an additional 187 shares in the last quarter. Brooklands Fund Management Ltd acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $28,000. Finally, Cynosure Group LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $534,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total transaction of $390,033.60. Following the sale, the chief financial officer owned 25,189 shares of the company’s stock, valued at $3,945,604.96. The trade was a 9.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $155.42, for a total value of $663,798.82. Following the sale, the chief technology officer directly owned 64,869 shares in the company, valued at $10,081,939.98. The trade was a 6.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,092 shares of company stock worth $1,860,424 over the last 90 days. Insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Down 0.5%

Shares of Intercontinental Exchange stock opened at $139.87 on Tuesday. The business’s fifty day moving average price is $153.76 and its two-hundred day moving average price is $159.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $79.10 billion, a P/E ratio of 20.36, a PEG ratio of 1.35 and a beta of 0.92. Intercontinental Exchange Inc. has a 1-year low of $136.67 and a 1-year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.12. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 EPS. As a group, research analysts forecast that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group reiterated a “buy” rating and issued a $205.00 target price on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. Morgan Stanley boosted their price objective on Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. Rothschild & Co Redburn set a $177.00 price objective on Intercontinental Exchange in a research report on Thursday. Keefe, Bruyette & Woods initiated coverage on Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price objective for the company. Finally, Weiss Ratings lowered Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $193.00.

About Intercontinental Exchange

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.