C WorldWide Group Holding A S Sells 1,020,796 Shares of Intercontinental Exchange Inc. $ICE

C WorldWide Group Holding A S lowered its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 98.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,746 shares of the financial services provider’s stock after selling 1,020,796 shares during the period. C WorldWide Group Holding A S’s holdings in Intercontinental Exchange were worth $1,446,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new position in shares of Intercontinental Exchange in the 2nd quarter worth $26,000. Brooklands Fund Management Ltd bought a new position in Intercontinental Exchange in the fourth quarter valued at about $28,000. Swiss RE Ltd. purchased a new position in Intercontinental Exchange in the fourth quarter worth about $28,000. Lloyd Advisory Services LLC. purchased a new position in Intercontinental Exchange in the fourth quarter worth about $30,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Intercontinental Exchange during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity

In other Intercontinental Exchange news, insider Christopher Edmonds sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $160.59, for a total value of $802,950.00. Following the completion of the transaction, the insider directly owned 14,367 shares in the company, valued at $2,307,196.53. This represents a 25.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 4,574 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $161.77, for a total transaction of $739,935.98. Following the sale, the general counsel directly owned 43,065 shares of the company’s stock, valued at approximately $6,966,625.05. This trade represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,912 shares of company stock valued at $6,403,616 in the last three months. 0.84% of the stock is currently owned by insiders.

Intercontinental Exchange Trading Down 2.2%

Shares of Intercontinental Exchange stock opened at $157.67 on Wednesday. Intercontinental Exchange Inc. has a fifty-two week low of $121.79 and a fifty-two week high of $176.59. 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 $88.51 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.57 and a beta of 0.93. The company has a fifty day moving average of $149.58 and a 200 day moving average of $151.68.

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

Analyst Ratings Changes

A number of research firms recently issued reports on ICE. TD Cowen reissued a “buy” rating and issued a $177.00 price objective (up from $159.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $178.00 target price on shares of Intercontinental Exchange in a report on Friday, July 31st. Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a research report on Thursday, June 11th. Wall Street Zen downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings raised shares of Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $184.17.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc (NYSE: ICE) operates global exchanges, clearinghouses, data services and technology platforms. The company provides marketplaces for trading and clearing a range of financial and commodity products, including energy, agricultural commodities, interest rates, credit and equities.

ICE owns and operates the New York Stock Exchange and related equity markets, as well as futures and options exchanges in North America and Europe. Its businesses also include ICE Data Services, which provides market data, analytics, connectivity and other information services to financial institutions and corporations.

Through ICE Mortgage Technology, the company offers software and digital platforms designed to support residential mortgage origination, processing, servicing and related workflows.