DekaBank Deutsche Girozentrale Has $61.05 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

DekaBank Deutsche Girozentrale increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 445,993 shares of the financial services provider’s stock after buying an additional 3,392 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.08% of Intercontinental Exchange worth $61,052,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ICE. Scarborough Advisors LLC acquired a new stake in Intercontinental Exchange during the fourth quarter worth about $25,000. Annapolis Financial Services LLC grew its stake in shares of 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 valued at $25,000 after purchasing an additional 163 shares during the period. New Millennium Group LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter worth approximately $25,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 1st quarter worth approximately $26,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ICE shares. Argus reissued a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a report on Tuesday, May 21st. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $143.00 to $167.00 in a report on Monday, July 1st. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus target price of $154.93.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $161.36 on Friday. The firm has a fifty day moving average of $154.20 and a two-hundred day moving average of $141.97. The stock has a market capitalization of $92.55 billion, a price-to-earnings ratio of 37.01, a PEG ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $163.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.04 EPS for the current year.

Insider Activity at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 58,389 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the completion of the sale, the chief executive officer now owns 1,179,993 shares in the company, valued at approximately $167,181,408.24. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Jeffrey C. Sprecher sold 58,389 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the completion of the sale, the chief executive officer now owns 1,179,993 shares in the company, valued at approximately $167,181,408.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Warren Gardiner sold 750 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the sale, the chief financial officer now owns 16,576 shares of the company’s stock, valued at approximately $2,675,863.68. The disclosure for this sale can be found here. Insiders sold a total of 67,096 shares of company stock worth $9,593,983 in the last quarter. Corporate 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.