Intercontinental Exchange Inc. $ICE Shares Acquired by Aristotle Atlantic Partners LLC

Aristotle Atlantic Partners LLC lifted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,429 shares of the financial services provider’s stock after purchasing an additional 17,433 shares during the quarter. Intercontinental Exchange comprises about 1.4% of Aristotle Atlantic Partners LLC’s investment portfolio, making the stock its 19th biggest position. Aristotle Atlantic Partners LLC’s holdings in Intercontinental Exchange were worth $31,490,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ICE. J. Stern & Co. LLP boosted its holdings in shares of Intercontinental Exchange by 17,398.1% during the fourth quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock worth $8,763,214,000 after purchasing an additional 53,798,055 shares during the last quarter. Norges Bank acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $1,418,228,000. Viking Global Investors LP acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $777,926,000. Wellington Management Group LLP boosted its holdings in shares of Intercontinental Exchange by 64.7% during the third quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock worth $1,744,480,000 after purchasing an additional 4,067,922 shares during the last quarter. Finally, Boston Partners boosted its holdings in Intercontinental Exchange by 148.6% in the fourth quarter. Boston Partners now owns 3,203,845 shares of the financial services provider’s stock valued at $519,701,000 after acquiring an additional 1,914,851 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Sharon Bowen sold 667 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the transaction, the director owned 15,077 shares in the company, valued at $2,280,848.56. The trade was a 4.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Warren Gardiner sold 2,490 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total value of $390,033.60. Following the transaction, the chief financial officer owned 25,189 shares in the company, valued at approximately $3,945,604.96. This represents a 9.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,425 shares of company stock valued at $2,046,324 over the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Morgan Stanley lifted their target price on Intercontinental Exchange from $183.00 to $187.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. Barclays reiterated an “overweight” rating and issued a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a report on Friday, May 1st. Weiss Ratings cut Intercontinental Exchange from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a report on Friday, March 6th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $211.00 target price (up from $195.00) on shares of Intercontinental Exchange in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.00.

Intercontinental Exchange Trading Down 4.9%

Shares of ICE opened at $134.41 on Thursday. The stock’s 50-day moving average is $152.67 and its two-hundred day moving average is $158.94. The stock has a market cap of $76.01 billion, a PE ratio of 19.56, a P/E/G ratio of 1.35 and a beta of 0.92. Intercontinental Exchange Inc. has a 12 month low of $133.73 and a 12 month high of $189.35. 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 (NYSE:ICE) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 earnings per share. Equities analysts forecast that Intercontinental Exchange Inc. will post 8.16 earnings per share for the current fiscal year.

Intercontinental Exchange Profile

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.