PFA Pension Forsikringsaktieselskab Buys New Position in Intercontinental Exchange Inc. $ICE

PFA Pension Forsikringsaktieselskab bought a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICEFree Report) during the 4th quarter, HoldingsChannel reports. The firm bought 496,709 shares of the financial services provider’s stock, valued at approximately $81,043,000.

Several other hedge funds have also modified their holdings of ICE. Brighton Jones LLC raised its holdings in shares of Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after buying an additional 1,169 shares during the period. Empowered Funds LLC raised its holdings in shares of Intercontinental Exchange by 9.0% during the 1st quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock valued at $2,483,000 after buying an additional 1,189 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Intercontinental Exchange by 16.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock valued at $381,000 after buying an additional 289 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Intercontinental Exchange by 27.9% during the 2nd quarter. NewEdge Advisors LLC now owns 21,213 shares of the financial services provider’s stock valued at $3,892,000 after buying an additional 4,628 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Intercontinental Exchange by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 266,496 shares of the financial services provider’s stock valued at $48,894,000 after buying an additional 6,373 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 11,303 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the completion of the transaction, the insider owned 14,266 shares in the company, valued at $2,194,396.12. The trade was a 44.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $155.00, for a total value of $23,250,000.00. Following the transaction, the chief executive officer owned 1,651,705 shares of the company’s stock, valued at $256,014,275. This represents a 8.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 348,418 shares of company stock worth $54,196,631. 0.84% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on ICE. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a report on Friday, March 6th. Weiss Ratings downgraded Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. UBS Group reiterated a “buy” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Monday, February 9th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Piper Sandler restated an “overweight” rating and set a $211.00 price objective (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Buy” and an average price target of $194.10.

Get Our Latest Stock Analysis on ICE

Intercontinental Exchange Price Performance

Shares of ICE opened at $155.04 on Friday. The firm has a market cap of $87.82 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.64 and a beta of 0.96. The stock has a 50 day moving average of $160.21 and a 200-day moving average of $159.99. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, analysts forecast that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. Intercontinental Exchange’s payout ratio is currently 36.05%.

Key Intercontinental Exchange News

Here are the key news stories impacting Intercontinental Exchange this week:

About Intercontinental Exchange

(Free Report)

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.

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

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