422,949 Shares in Intercontinental Exchange Inc. $ICE Acquired by Danske Bank A S

Danske Bank A S bought a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) in the second quarter, Holdings Channel.com reports. The fund bought 422,949 shares of the financial services provider’s stock, valued at approximately $52,069,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $25,000. Brooklands Fund Management Ltd acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $28,000. Swiss RE Ltd. bought a new position in Intercontinental Exchange during the fourth quarter worth $28,000. Lloyd Advisory Services LLC. acquired a new position in Intercontinental Exchange in the fourth quarter valued at $30,000. Finally, Gables Capital Management Inc. acquired a new position in Intercontinental Exchange in the second quarter valued at $31,000. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other Intercontinental Exchange news, CTO Mayur Kapani sold 4,271 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $151.20, for a total transaction of $645,775.20. Following the completion of the sale, the chief technology officer directly owned 67,988 shares of the company’s stock, valued at approximately $10,279,785.60. The trade was a 5.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 7,300 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $148.88, for a total value of $1,086,824.00. Following the completion of the sale, the senior vice president directly owned 19,063 shares of the company’s stock, valued at approximately $2,838,099.44. This trade represents a 27.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,376 shares of company stock worth $2,746,946 over the last ninety days. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ICE. Barclays reaffirmed an “overweight” rating and set a $182.00 price target (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Weiss Ratings downgraded Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Raymond James Financial set a $208.00 target price on Intercontinental Exchange in a research report on Monday, July 6th. Wall Street Zen cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Morgan Stanley decreased their target price on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $183.33.

Intercontinental Exchange Stock Performance

ICE opened at $156.30 on Wednesday. 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 company’s fifty day moving average price is $141.20 and its two-hundred day moving average price is $151.86. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $181.72. The company has a market cap of $87.75 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.52 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $1.81 earnings per share. On average, analysts expect that Intercontinental Exchange Inc. will post 8.11 EPS for the current fiscal year.

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.