UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $652.26 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,298,162 shares of the financial services provider’s stock after acquiring an additional 52,910 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Intercontinental Exchange were worth $652,257,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ICE. New Mexico Educational Retirement Board grew its position in shares of Intercontinental Exchange by 7.6% in the second quarter. New Mexico Educational Retirement Board now owns 28,270 shares of the financial services provider’s stock valued at $3,480,000 after purchasing an additional 2,000 shares during the last quarter. Mufg Securities Americas Inc. grew its stake in Intercontinental Exchange by 8.4% during the second quarter. Mufg Securities Americas Inc. now owns 17,032 shares of the financial services provider’s stock worth $2,097,000 after buying an additional 1,318 shares in the last quarter. Nissay Asset Management Corp Japan grew its stake in Intercontinental Exchange by 3.4% during the second quarter. Nissay Asset Management Corp Japan now owns 75,542 shares of the financial services provider’s stock worth $9,300,000 after buying an additional 2,471 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Intercontinental Exchange by 15.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,782,075 shares of the financial services provider’s stock valued at $219,180,000 after buying an additional 240,620 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Intercontinental Exchange by 16.1% in the 2nd quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock valued at $1,454,209,000 after buying an additional 1,634,385 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Intercontinental Exchange news, SVP Douglas Foley sold 7,300 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $148.88, for a total transaction of $1,086,824.00. Following the completion of the sale, the senior vice president directly owned 19,063 shares in the company, valued at $2,838,099.44. This represents a 27.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction 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 transaction, the chief technology officer directly owned 67,988 shares in the company, valued at approximately $10,279,785.60. The trade was a 5.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 23,141 shares of company stock valued at $3,554,192. Insiders own 0.84% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $162.46 on Friday. The firm has a market capitalization of $91.20 billion, a PE ratio of 22.95, a P/E/G ratio of 1.58 and a beta of 0.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $144.90 and a two-hundred day moving average price of $151.50. Intercontinental Exchange Inc. has a twelve month low of $121.79 and a twelve month high of $177.76.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the prior year, the business posted $1.81 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Equities analysts forecast that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ICE. TD Cowen reiterated a “buy” rating and issued a $177.00 target price (up from $159.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. 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. Piper Sandler reduced their price target on shares of Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.33.

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.