Janus Henderson Group PLC Has $1.06 Billion Stake in Intercontinental Exchange Inc. $ICE

Janus Henderson Group PLC raised its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 6.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,549,596 shares of the financial services provider’s stock after buying an additional 409,590 shares during the period. Janus Henderson Group PLC’s holdings in Intercontinental Exchange were worth $1,055,312,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at about $25,000. Holos Integrated Wealth LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $28,000. Steph & Co. raised its position in shares of Intercontinental Exchange by 104.7% during the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares during the period. Brooklands Fund Management Ltd acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $28,000. Finally, Swiss RE Ltd. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $155.42, for a total value of $663,798.82. Following the sale, the chief technology officer owned 64,869 shares of the company’s stock, valued at approximately $10,081,939.98. This trade represents a 6.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sharon Bowen sold 667 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $151.28, for a total value of $100,903.76. Following the completion of the sale, the director directly owned 15,077 shares in the company, valued at approximately $2,280,848.56. This represents a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,425 shares of company stock worth $2,046,324 in the last 90 days. Company insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ICE shares. UBS Group reaffirmed a “buy” rating and set a $205.00 price target on shares of Intercontinental Exchange in a research report on Wednesday, May 20th. Weiss Ratings lowered Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $211.00 price target (up from $195.00) on shares of Intercontinental Exchange in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods started coverage on Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price target on the stock. Finally, Barclays reaffirmed an “overweight” rating and set a $201.00 price target (up from $198.00) on shares of Intercontinental Exchange in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $193.00.

Intercontinental Exchange Stock Down 4.9%

Shares of Intercontinental Exchange stock opened at $134.41 on Thursday. The business’s 50 day simple moving average is $152.67 and its 200 day simple moving average is $158.94. Intercontinental Exchange Inc. has a 52-week low of $133.73 and a 52-week high of $189.35. The firm has a market cap of $76.01 billion, a PE ratio of 19.56, a P/E/G ratio of 1.35 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the firm earned $1.72 EPS. Intercontinental Exchange’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts predict that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current fiscal year.

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.