MASTERINVEST Kapitalanlage GmbH Buys New Position in Intercontinental Exchange Inc. $ICE

MASTERINVEST Kapitalanlage GmbH bought a new stake in Intercontinental Exchange Inc. (NYSE:ICE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,860 shares of the financial services provider’s stock, valued at approximately $1,706,000.

A number of other large investors have also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at $25,000. Rakuten Securities Inc. acquired a new position in shares of Intercontinental Exchange during the 2nd quarter worth about $26,000. Swiss RE Ltd. bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $28,000. Brooklands Fund Management Ltd acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In other news, Director William Jefferson Hague sold 1,333 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $139.46, for a total value of $185,900.18. Following the completion of the transaction, the director directly owned 20,132 shares in the company, valued at approximately $2,807,608.72. This represents a 6.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Warren Gardiner sold 2,491 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $156.30, for a total value of $389,343.30. Following the sale, the chief financial officer owned 22,698 shares in the company, valued at $3,547,697.40. This represents a 9.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,227 shares of company stock valued at $2,598,301 in the last quarter. Corporate insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ICE shares. The Goldman Sachs Group reduced their price target on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $178.00 price target on shares of Intercontinental Exchange in a research report on Friday, July 31st. Morgan Stanley decreased their target price on shares of 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. 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. Finally, TD Cowen restated a “buy” rating and set a $177.00 price objective (up from $159.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. One investment 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $183.33.

Intercontinental Exchange Trading Down 0.5%

Shares of Intercontinental Exchange stock opened at $161.19 on Friday. 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 firm has a 50-day moving average of $144.32 and a 200-day moving average of $151.43. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $177.76. The stock has a market cap of $90.49 billion, a PE ratio of 22.77, a PEG ratio of 1.57 and a beta of 0.92.

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