Schroder Investment Management Group Buys 65,465 Shares of Intercontinental Exchange Inc. $ICE

Schroder Investment Management Group boosted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 939,079 shares of the financial services provider’s stock after purchasing an additional 65,465 shares during the quarter. Schroder Investment Management Group owned about 0.16% of Intercontinental Exchange worth $172,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ICE. Brighton Jones LLC raised its stake in Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after buying an additional 1,169 shares during the period. Harbour Investments Inc. grew its stake in Intercontinental Exchange by 44.6% in the first quarter. Harbour Investments Inc. now owns 4,577 shares of the financial services provider’s stock valued at $790,000 after acquiring an additional 1,412 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Intercontinental Exchange during the first quarter valued at approximately $365,000. Commerce Bank raised its position in shares of Intercontinental Exchange by 3.6% during the first quarter. Commerce Bank now owns 24,352 shares of the financial services provider’s stock worth $4,201,000 after purchasing an additional 854 shares during the period. Finally, TIAA Trust National Association lifted its holdings in shares of Intercontinental Exchange by 1.6% in the 1st quarter. TIAA Trust National Association now owns 11,873 shares of the financial services provider’s stock worth $2,048,000 after purchasing an additional 184 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $157.51 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50-day moving average of $156.50 and a 200-day moving average of $171.33. Intercontinental Exchange Inc. has a one year low of $142.29 and a one year high of $189.35. The company has a market cap of $89.81 billion, a P/E ratio of 30.23, a P/E/G ratio of 2.11 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.71. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. Equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays set a $183.00 price target on shares of Intercontinental Exchange and gave the company an “overweight” rating in a research note on Friday, October 31st. Morgan Stanley reduced their price objective on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Raymond James Financial raised shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 target price for the company in a research report on Monday, October 13th. UBS Group dropped their price target on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of “Buy” and a consensus target price of $194.70.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,900 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $174.51, for a total value of $506,079.00. Following the transaction, the director owned 18,169 shares of the company’s stock, valued at approximately $3,170,672.19. The trade was a 13.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mayur Kapani sold 10,082 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $158.88, for a total value of $1,601,828.16. Following the completion of the transaction, the chief technology officer owned 65,240 shares of the company’s stock, valued at $10,365,331.20. This trade represents a 13.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 170,944 shares of company stock valued at $26,338,174 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Profile

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.