Caprock Group LLC Sells 3,893 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Caprock Group LLC lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 27.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,108 shares of the financial services provider’s stock after selling 3,893 shares during the quarter. Caprock Group LLC’s holdings in Intercontinental Exchange were worth $1,506,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ICE. 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 worth $8,748,000 after buying an additional 2,006 shares in the last quarter. AMF Tjanstepension AB grew its stake in shares of Intercontinental Exchange by 14.5% in the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock worth $20,441,000 after acquiring an additional 16,130 shares during the period. Czech National Bank raised its holdings in shares of Intercontinental Exchange by 7.0% during the third quarter. Czech National Bank now owns 116,958 shares of the financial services provider’s stock valued at $18,788,000 after purchasing an additional 7,656 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Intercontinental Exchange by 7.1% during the third quarter. Handelsbanken Fonder AB now owns 241,714 shares of the financial services provider’s stock valued at $38,829,000 after purchasing an additional 15,968 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Intercontinental Exchange by 35.4% in the third quarter. GAMMA Investing LLC now owns 8,359 shares of the financial services provider’s stock worth $1,343,000 after purchasing an additional 2,186 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ICE. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their target price on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Piper Sandler boosted their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Insiders Place Their Bets

In other news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the sale, the president now directly owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the transaction, the insider now directly owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,795 shares of company stock valued at $2,120,572 in the last quarter. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $159.82 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $91.77 billion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 3.01 and a beta of 1.10. The firm has a fifty day moving average price of $153.12 and a 200 day moving average price of $156.49. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $167.99.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business posted $1.46 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current fiscal year.

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.