Xact Kapitalforvaltning AB Has $7.37 Million Holdings in Intercontinental Exchange Inc (ICE)

Xact Kapitalforvaltning AB decreased its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 6.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,409 shares of the financial services provider’s stock after selling 6,564 shares during the period. Xact Kapitalforvaltning AB’s holdings in Intercontinental Exchange were worth $7,370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kaizen Advisory LLC increased its position in shares of Intercontinental Exchange by 143.4% during the second quarter. Kaizen Advisory LLC now owns 1,356 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 799 shares in the last quarter. Quad Cities Investment Group LLC bought a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $104,000. Sun Life Financial INC increased its position in shares of Intercontinental Exchange by 717.7% during the second quarter. Sun Life Financial INC now owns 1,570 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 1,378 shares in the last quarter. Townsend & Associates Inc increased its position in shares of Intercontinental Exchange by 894.0% during the second quarter. Townsend & Associates Inc now owns 1,650 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,484 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of Intercontinental Exchange during the first quarter valued at approximately $130,000. 88.64% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on ICE. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Berenberg Bank set a $92.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research report on Thursday, September 20th. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Rosenblatt Securities began coverage on shares of Intercontinental Exchange in a research report on Wednesday, September 5th. They issued a “buy” rating and a $88.00 target price for the company. Finally, FIX began coverage on shares of Intercontinental Exchange in a research report on Wednesday, September 5th. They issued a “buy” rating and a $88.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $83.29.

In other news, President Benjamin Jackson sold 2,860 shares of Intercontinental Exchange stock in a transaction on Friday, September 14th. The shares were sold at an average price of $77.88, for a total transaction of $222,736.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Charles A. Vice sold 35,000 shares of Intercontinental Exchange stock in a transaction on Monday, August 6th. The stock was sold at an average price of $72.59, for a total transaction of $2,540,650.00. Following the transaction, the insider now owns 419,907 shares in the company, valued at approximately $30,481,049.13. The disclosure for this sale can be found here. Insiders have sold a total of 288,819 shares of company stock worth $21,703,215 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

NYSE:ICE traded up $0.56 during trading hours on Friday, reaching $74.09. The company had a trading volume of 7,592 shares, compared to its average volume of 2,779,186. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Intercontinental Exchange Inc has a 52 week low of $64.91 and a 52 week high of $78.48. The company has a market cap of $42.19 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.16 and a beta of 0.65.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 2nd. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. Research analysts forecast that Intercontinental Exchange Inc will post 3.45 earnings per share for the current year.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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