Janus Henderson Group PLC Acquires 687,817 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Janus Henderson Group PLC grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 589.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 804,507 shares of the financial services provider’s stock after acquiring an additional 687,817 shares during the quarter. Janus Henderson Group PLC owned 0.14% of Intercontinental Exchange worth $110,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Annapolis Financial Services LLC grew its position in Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in Intercontinental Exchange during the first quarter valued at about $26,000. Scarborough Advisors LLC acquired a new position in Intercontinental Exchange in the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC grew its holdings in shares of Intercontinental Exchange by 82.3% during the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 93 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.7 %

Shares of ICE traded up $1.11 during trading hours on Wednesday, hitting $152.41. 910,425 shares of the stock traded hands, compared to its average volume of 2,398,059. The business has a fifty day moving average of $140.22 and a 200-day moving average of $136.02. The firm has a market capitalization of $87.42 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $152.96. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 EPS. Analysts expect that Intercontinental Exchange, Inc. will post 6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Argus reissued a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Rosenblatt Securities reiterated a “buy” rating and set a $164.00 target price on shares of Intercontinental Exchange in a research report on Friday, May 3rd. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $152.07.

Insiders Place Their Bets

In other news, CAO James W. Namkung sold 1,043 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the transaction, the chief accounting officer now owns 17,836 shares of the company’s stock, valued at approximately $2,675,400. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $150.00, for a total value of $156,450.00. Following the transaction, the chief accounting officer now owns 17,836 shares of the company’s stock, valued at $2,675,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total value of $148,600.00. Following the transaction, the insider now owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,992 shares of company stock valued at $9,197,801. Company insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.