WINTON GROUP Ltd Boosts Stock Holdings in Intercontinental Exchange Inc. $ICE

WINTON GROUP Ltd boosted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1,674.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 78,946 shares of the financial services provider’s stock after buying an additional 74,497 shares during the period. WINTON GROUP Ltd’s holdings in Intercontinental Exchange were worth $12,786,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Total Wealth Planning & Management Inc. purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth $205,000. J.W. Cole Advisors Inc. grew its stake in shares of Intercontinental Exchange by 183.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 7,963 shares of the financial services provider’s stock worth $1,290,000 after buying an additional 5,155 shares in the last quarter. Prudential PLC grew its stake in shares of Intercontinental Exchange by 1.3% in the 4th quarter. Prudential PLC now owns 126,747 shares of the financial services provider’s stock worth $20,528,000 after buying an additional 1,629 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Intercontinental Exchange by 9.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 118,835 shares of the financial services provider’s stock worth $19,245,000 after buying an additional 10,212 shares in the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Intercontinental Exchange by 152.1% in the 4th quarter. Cibc World Market Inc. now owns 176,335 shares of the financial services provider’s stock worth $28,559,000 after buying an additional 106,378 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Trading Down 0.5%

Shares of ICE opened at $141.36 on Friday. Intercontinental Exchange Inc. has a 1-year low of $136.67 and a 1-year high of $189.35. The company has a 50-day moving average of $155.83 and a 200 day moving average of $159.72. The firm has a market capitalization of $79.94 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.36 and a beta of 0.92. 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 announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the business posted $1.72 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, research analysts expect that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group reissued a “buy” rating and issued a $205.00 price objective on shares of Intercontinental Exchange in a research note on Wednesday, May 20th. Morgan Stanley lifted their price objective on shares of Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. Keefe, Bruyette & Woods assumed coverage on shares of Intercontinental Exchange in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price objective for the company. Barclays reissued an “overweight” rating and issued a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday, May 1st. Finally, Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $194.60.

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 4,573 shares of Intercontinental Exchange stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $151.56, for a total transaction of $693,083.88. Following the completion of the sale, the general counsel owned 45,473 shares in the company, valued at $6,891,887.88. This trade represents a 9.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total transaction of $390,033.60. Following the sale, the chief financial officer owned 25,189 shares of the company’s stock, valued at $3,945,604.96. The trade was a 9.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 12,001 shares of company stock worth $1,847,820. Corporate insiders own 0.84% of the company’s stock.

Intercontinental Exchange Company 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.