AMF Tjanstepension AB Has $345.66 Million Stock Position in Intercontinental Exchange Inc. $ICE

AMF Tjanstepension AB lifted its position in Intercontinental Exchange Inc. (NYSE:ICE) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,197,714 shares of the financial services provider’s stock after acquiring an additional 59,471 shares during the period. Intercontinental Exchange makes up approximately 2.3% of AMF Tjanstepension AB’s holdings, making the stock its 13th biggest holding. AMF Tjanstepension AB’s holdings in Intercontinental Exchange were worth $345,656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ICE. Ares Financial Consulting LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $25,000. Holos Integrated Wealth LLC acquired a new stake in Intercontinental Exchange during the fourth quarter worth approximately $28,000. Steph & Co. increased its position in Intercontinental Exchange by 104.7% during the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after buying an additional 89 shares during the period. Brooklands Fund Management Ltd bought a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $28,000. Finally, Swiss RE Ltd. acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth $28,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.3%

Intercontinental Exchange stock opened at $134.91 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $76.29 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.36 and a beta of 0.94. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $189.35. The firm has a 50 day simple moving average of $142.48 and a 200 day simple moving average of $155.55.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 30.06% and a return on equity of 14.99%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 earnings per share. On average, analysts predict that Intercontinental Exchange Inc. will post 8.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

ICE has been the subject of several recent analyst reports. UBS Group dropped their price objective on Intercontinental Exchange from $205.00 to $190.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Raymond James Financial set a $208.00 target price on Intercontinental Exchange in a report on Monday, July 6th. The Goldman Sachs Group cut their price target on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. TD Cowen decreased their price objective on Intercontinental Exchange from $193.00 to $153.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Finally, Morgan Stanley lowered their price target on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.33.

Intercontinental Exchange News Summary

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: Barclays reiterated an Overweight view and raised its price target to $180, while UBS and Goldman Sachs recently also issued bullish targets, signaling Wall Street still sees upside in ICE’s core exchange and data businesses.
• Positive Sentiment: Social-media and market commentary continue to highlight ICE’s strong earnings growth, relatively low valuation versus peers, and expansion initiatives in futures and tokenized equities, which support the long-term bull case.
• Neutral Sentiment: ICE’s coffee futures market is in the spotlight after the company raised margin requirements for coffee trading, contributing to sharp swings in arabica and robusta coffee prices. That move is boosting attention on ICE’s role in commodities markets, though the direct stock impact is less clear.
• Neutral Sentiment: Recent commentary also notes ICE’s Q1 revenue grew 13.5% year over year to about $3.7 billion, showing the business remains fundamentally healthy ahead of its next earnings update.
• Negative Sentiment: Morgan Stanley cut its price target to $163 from $187 and kept an Equal Weight rating, reflecting more cautious near-term expectations for the stock.
• Negative Sentiment: Analysts have also pointed to softer June volume trends and weaker trading activity in some futures segments, which has led to estimate cuts and is weighing on investor sentiment before ICE’s late-July earnings report.
• Negative Sentiment: Insider selling remains a mild overhang, with ICE executives and directors having made no open-market purchases over the past six months.

Insider Transactions at Intercontinental Exchange

In other news, CFO Warren Gardiner sold 2,490 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were 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 in the company, valued at approximately $3,945,604.96. This trade represents a 9.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William Jefferson Hague sold 1,333 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $139.46, for a total value of $185,900.18. Following the transaction, the director directly owned 20,132 shares in the company, valued at approximately $2,807,608.72. This represents a 6.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 13,425 shares of company stock worth $2,046,324. Company insiders own 0.84% of the company’s stock.

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.