BNP Paribas Has $11.16 Million Stake in Intercontinental Exchange Inc. $ICE

BNP Paribas increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 21.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,807 shares of the financial services provider’s stock after purchasing an additional 10,732 shares during the period. BNP Paribas’ holdings in Intercontinental Exchange were worth $11,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Intercontinental Exchange by 51.3% in the fourth quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,169 shares during the period. Benjamin Edwards Inc. raised its stake in Intercontinental Exchange by 2.4% in the 1st quarter. Benjamin Edwards Inc. now owns 7,395 shares of the financial services provider’s stock worth $1,276,000 after purchasing an additional 171 shares in the last quarter. Independent Advisor Alliance boosted its holdings in Intercontinental Exchange by 5.5% in the 1st quarter. Independent Advisor Alliance now owns 9,741 shares of the financial services provider’s stock valued at $1,680,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. grew its position in shares of Intercontinental Exchange by 8.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 185,129 shares of the financial services provider’s stock worth $32,000,000 after purchasing an additional 14,060 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Intercontinental Exchange by 58.6% during the first quarter. Russell Investments Group Ltd. now owns 611,448 shares of the financial services provider’s stock worth $105,584,000 after purchasing an additional 225,863 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on ICE. Keefe, Bruyette & Woods upgraded Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Raymond James Financial raised Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target for the company in a research note on Monday, October 13th. UBS Group reduced their price objective on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Buy” and an average target price of $194.70.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 3,700 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $157.96, for a total transaction of $584,452.00. Following the sale, the director owned 14,469 shares of the company’s stock, valued at approximately $2,285,523.24. The trade was a 20.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total transaction of $22,962,000.00. Following the transaction, the chief executive officer owned 1,801,705 shares of the company’s stock, valued at $275,805,001.40. This trade represents a 7.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 177,089 shares of company stock worth $27,253,948 in the last ninety days. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $160.56 on Thursday. The business has a fifty day simple moving average of $154.92 and a 200 day simple moving average of $170.36. The company has a market cap of $91.55 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.40 and a beta of 1.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.71. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 earnings per share. On average, sell-side analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.