Capital International Inc. CA Has $7.22 Million Position in Intercontinental Exchange Inc. $ICE

Capital International Inc. CA grew its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 54.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 44,585 shares of the financial services provider’s stock after acquiring an additional 15,626 shares during the quarter. Capital International Inc. CA’s holdings in Intercontinental Exchange were worth $7,221,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth about $25,000. Dorato Capital Management bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $29,000. Steph & Co. boosted its position in shares of 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 purchasing an additional 89 shares in the last quarter. Holos Integrated Wealth LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $30,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 4,271 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $155.42, for a total value of $663,798.82. Following the transaction, the chief technology officer owned 64,869 shares of the company’s stock, valued at approximately $10,081,939.98. This trade represents a 6.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 4,573 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $151.56, for a total transaction of $693,083.88. Following the completion of the transaction, the general counsel directly owned 45,473 shares in the company, valued at approximately $6,891,887.88. The trade was a 9.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,001 shares of company stock worth $1,847,820 in the last quarter. 0.84% of the stock is owned by insiders.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $138.89 on Tuesday. Intercontinental Exchange Inc. has a fifty-two week low of $136.67 and a fifty-two week high of $189.35. The stock has a market cap of $78.54 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.36 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50-day simple moving average is $155.49 and its 200 day simple moving average is $159.68.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly 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. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the firm earned $1.72 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, research analysts anticipate that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ICE shares. Piper Sandler reissued an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. UBS Group reissued a “buy” rating and set a $205.00 price objective on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research report on Friday, March 6th. Keefe, Bruyette & Woods started coverage on shares of Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price objective on the stock. Finally, Weiss Ratings cut shares of Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.60.

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.