Assenagon Asset Management S.A. Boosts Stake in Intercontinental Exchange Inc (NYSE:ICE)

Assenagon Asset Management S.A. raised its stake in Intercontinental Exchange Inc (NYSE:ICE) by 50.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,797 shares of the financial services provider’s stock after purchasing an additional 10,931 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Intercontinental Exchange were worth $3,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ICE. AE Wealth Management LLC boosted its holdings in shares of Intercontinental Exchange by 315.5% in the second quarter. AE Wealth Management LLC now owns 12,232 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 9,288 shares during the period. FineMark National Bank & Trust raised its position in shares of Intercontinental Exchange by 3.2% in the second quarter. FineMark National Bank & Trust now owns 102,149 shares of the financial services provider’s stock worth $8,779,000 after buying an additional 3,176 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth $42,000. Compagnie Lombard Odier SCmA raised its position in shares of Intercontinental Exchange by 57.1% in the second quarter. Compagnie Lombard Odier SCmA now owns 1,100 shares of the financial services provider’s stock worth $94,000 after buying an additional 400 shares in the last quarter. Finally, Earnest Partners LLC raised its position in shares of Intercontinental Exchange by 1.9% in the second quarter. Earnest Partners LLC now owns 791,918 shares of the financial services provider’s stock worth $68,057,000 after buying an additional 15,139 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,100 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $93.82, for a total transaction of $103,202.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Charles A. Vice sold 10,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $92.70, for a total transaction of $927,000.00. The disclosure for this sale can be found here. Insiders sold 123,040 shares of company stock worth $11,459,809 over the last three months. 1.50% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on ICE shares. JPMorgan Chase & Co. increased their price objective on Intercontinental Exchange from $97.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Barclays set a $104.00 price objective on Intercontinental Exchange and gave the stock a “buy” rating in a research report on Sunday, November 3rd. Oppenheimer started coverage on Intercontinental Exchange in a research report on Monday, September 16th. They issued an “outperform” rating and a $100.00 price objective on the stock. Compass Point set a $105.00 price objective on Intercontinental Exchange and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group set a $108.00 price target on Intercontinental Exchange and gave the company a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $95.46.

Shares of NYSE:ICE traded down $0.17 on Friday, reaching $90.47. 2,029,000 shares of the company traded hands, compared to its average volume of 2,434,733. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $49.79 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 2.77 and a beta of 0.49. Intercontinental Exchange Inc has a 52 week low of $69.69 and a 52 week high of $95.56. The business’s 50-day simple moving average is $92.85 and its 200 day simple moving average is $88.68.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Intercontinental Exchange had a return on equity of 12.79% and a net margin of 31.97%. Intercontinental Exchange’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Sell-side analysts expect that Intercontinental Exchange Inc will post 3.9 EPS for the current fiscal year.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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

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