Mediolanum International Funds Ltd Has $14.81 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mediolanum International Funds Ltd cut its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 48.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,358 shares of the financial services provider’s stock after selling 93,571 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Intercontinental Exchange were worth $14,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of Intercontinental Exchange by 8.8% during the 2nd quarter. Creative Planning now owns 54,262 shares of the financial services provider’s stock worth $7,428,000 after purchasing an additional 4,393 shares in the last quarter. EP Wealth Advisors LLC lifted its position in Intercontinental Exchange by 9.2% in the second quarter. EP Wealth Advisors LLC now owns 6,665 shares of the financial services provider’s stock worth $912,000 after purchasing an additional 559 shares during the period. Advisory Alpha LLC boosted its stake in Intercontinental Exchange by 35.4% during the second quarter. Advisory Alpha LLC now owns 2,042 shares of the financial services provider’s stock worth $280,000 after buying an additional 534 shares in the last quarter. Cetera Investment Advisers increased its holdings in Intercontinental Exchange by 3.2% in the 2nd quarter. Cetera Investment Advisers now owns 63,902 shares of the financial services provider’s stock valued at $8,748,000 after buying an additional 2,006 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $7,978,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Up 1.4 %

Shares of NYSE:ICE opened at $159.45 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market cap of $91.55 billion, a P/E ratio of 37.78, a P/E/G ratio of 3.01 and a beta of 1.10. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $167.99. The company’s 50-day moving average price is $153.10 and its two-hundred day moving average price is $156.33.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. Intercontinental Exchange’s revenue was up 17.3% compared to the same quarter last year. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 6.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ICE has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Bank of America upped their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Piper Sandler increased their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Barclays decreased their price target on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods dropped their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $175.27.

Insiders Place Their Bets

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the sale, the general counsel now directly owns 44,702 shares in the company, valued at $6,977,088.16. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company 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.