BI Asset Management Fondsmaeglerselskab A S Raises Holdings in Intercontinental Exchange Inc. $ICE

BI Asset Management Fondsmaeglerselskab A S raised its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 14.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,807 shares of the financial services provider’s stock after purchasing an additional 4,630 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Intercontinental Exchange were worth $5,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in Intercontinental Exchange by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 191,658 shares of the financial services provider’s stock valued at $31,041,000 after buying an additional 10,742 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Intercontinental Exchange by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider’s stock worth $8,770,647,000 after buying an additional 413,639 shares during the last quarter. Walter Public Investments Inc. lifted its holdings in Intercontinental Exchange by 13.8% during the 4th quarter. Walter Public Investments Inc. now owns 124,993 shares of the financial services provider’s stock worth $20,244,000 after buying an additional 15,129 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in shares of Intercontinental Exchange by 857.7% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,655 shares of the financial services provider’s stock worth $1,888,000 after acquiring an additional 10,438 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of Intercontinental Exchange by 3.3% during the 3rd quarter. Natixis Advisors LLC now owns 1,855,344 shares of the financial services provider’s stock worth $312,588,000 after acquiring an additional 60,127 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 2.0%

Intercontinental Exchange stock opened at $131.23 on Tuesday. Intercontinental Exchange Inc. has a fifty-two week low of $129.82 and a fifty-two week high of $189.35. 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 company has a market capitalization of $74.21 billion, a P/E ratio of 19.10, a PEG ratio of 1.28 and a beta of 0.92. The stock has a 50-day simple moving average of $150.73 and a 200-day simple moving average of $158.44.

Intercontinental Exchange (NYSE:ICE) last released 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 return on equity of 14.99% and a net margin of 30.06%.The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.72 EPS. Equities research analysts expect that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director William Jefferson Hague sold 1,333 shares of Intercontinental Exchange stock in a transaction on 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 of the company’s stock, valued at $2,807,608.72. The trade was a 6.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Mayur Kapani sold 4,271 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $155.42, for a total transaction of $663,798.82. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 13,425 shares of company stock valued at $2,046,324. 0.84% of the stock is owned by company insiders.

Trending Headlines about Intercontinental Exchange

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

• Positive Sentiment: ICE announced a joint venture with OKX to build U.S.-regulated infrastructure that will connect traditional finance and digital assets, potentially opening new revenue opportunities in tokenized equities and futures. Intercontinental Exchange and OKX Establish Joint Venture to Bridge Traditional and Digital Asset Markets
• Positive Sentiment: The company also launched ICE GreenTrace, a new environmental registry technology service, expanding its market infrastructure footprint into carbon credit registries. ICE Launches ICE GreenTrace its New Environmental Registry Technology Service
• Neutral Sentiment: Former New York Governor Andrew Cuomo was named to help lead the OKX-ICE venture, which adds visibility to the project but does not yet change fundamentals because it still needs regulatory approval. Andrew Cuomo to lead joint TradFi-crypto venture between OKX and Intercontinental Exchange
• Neutral Sentiment: TD Cowen trimmed its price target on ICE to $153 from $193, though it kept a buy rating, signaling continued upside but slightly less optimism than before. Intercontinental Exchange price target lowered by TD Cowen

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ICE shares. Deutsche Bank Aktiengesellschaft raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a research report on Friday, March 6th. Weiss Ratings downgraded Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a research note on Thursday, June 11th. Piper Sandler reissued an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. Finally, UBS Group restated a “buy” rating and set a $205.00 price objective on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.36.

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.