ABN Amro Investment Solutions Lowers Stock Position in Intercontinental Exchange Inc. $ICE

ABN Amro Investment Solutions decreased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,374 shares of the financial services provider’s stock after selling 30,810 shares during the quarter. Intercontinental Exchange accounts for about 1.1% of ABN Amro Investment Solutions’ holdings, making the stock its 20th biggest position. ABN Amro Investment Solutions’ holdings in Intercontinental Exchange were worth $72,619,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ICE. Ares Financial Consulting LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $25,000. Holos Integrated Wealth LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $28,000. Steph & Co. boosted its stake in shares of Intercontinental Exchange by 104.7% during the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 89 shares in the last quarter. Dorato Capital Management purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $29,000. Finally, Caitlin John LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ICE shares. Keefe, Bruyette & Woods started coverage on Intercontinental Exchange in a research note on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price target on the stock. Barclays reissued an “overweight” rating and set a $201.00 price target (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. Morgan Stanley lifted their price objective on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. UBS Group restated a “buy” rating and set a $205.00 price objective on shares of Intercontinental Exchange in a research report on Wednesday. Finally, TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $194.60.

Intercontinental Exchange Trading Down 1.6%

Shares of Intercontinental Exchange stock opened at $151.61 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35. The company has a market capitalization of $85.74 billion, a P/E ratio of 22.07, a P/E/G ratio of 1.42 and a beta of 0.96. The business has a 50 day moving average price of $158.58 and a 200 day moving average price of $159.98.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.12. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.Intercontinental Exchange’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 EPS. Sell-side analysts anticipate that Intercontinental Exchange Inc. will post 8.16 EPS for the current fiscal year.

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 4,571 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $162.00, for a total transaction of $740,502.00. Following the completion of the sale, the general counsel directly owned 48,181 shares of the company’s stock, valued at approximately $7,805,322. This represents a 8.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Warren Gardiner sold 2,490 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total transaction of $390,033.60. Following the sale, the chief financial officer directly owned 25,189 shares of the company’s stock, valued at approximately $3,945,604.96. This trade represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,788 shares of company stock valued at $3,864,675 over the last quarter. 0.84% of the stock is currently owned by corporate insiders.

About Intercontinental Exchange

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.