Rathbones Group PLC Has $321,000 Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Rathbones Group PLC lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 10.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,342 shares of the financial services provider’s stock after buying an additional 222 shares during the period. Rathbones Group PLC’s holdings in Intercontinental Exchange were worth $321,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Intercontinental Exchange by 7.5% in the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock valued at $6,978,218,000 after buying an additional 3,536,913 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Intercontinental Exchange by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after purchasing an additional 4,251,371 shares during the period. Capital World Investors grew its stake in shares of Intercontinental Exchange by 35.6% in the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock worth $1,238,559,000 after purchasing an additional 2,530,119 shares during the last quarter. Parnassus Investments LLC increased its holdings in Intercontinental Exchange by 23.8% in the fourth quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock valued at $1,082,646,000 after purchasing an additional 1,621,737 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Intercontinental Exchange by 4.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,280,194 shares of the financial services provider’s stock worth $725,657,000 after purchasing an additional 218,516 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $162.81 on Wednesday. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $163.71. The company has a market cap of $93.39 billion, a PE ratio of 37.34, a P/E/G ratio of 2.81 and a beta of 1.08. The stock has a 50-day moving average of $155.02 and a 200-day moving average of $142.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ICE. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Citigroup boosted their price target on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a research report on Monday. Argus restated a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price target 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 issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.36.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, 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 transaction, the chief financial officer now owns 16,576 shares in the company, valued at $2,675,863.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Intercontinental Exchange news, CFO Warren Gardiner sold 750 shares of Intercontinental Exchange stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the transaction, the chief financial officer now owns 16,576 shares in the company, valued at approximately $2,675,863.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the sale, the general counsel now directly owns 46,815 shares of the company’s stock, valued at $6,397,737.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,096 shares of company stock valued at $9,593,983. 1.10% of the stock is owned by company 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.