Samlyn Capital LLC Has $114.39 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Samlyn Capital LLC increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 142.2% during the second quarter, HoldingsChannel.com reports. The fund owned 835,654 shares of the financial services provider’s stock after purchasing an additional 490,671 shares during the period. Intercontinental Exchange makes up 1.9% of Samlyn Capital LLC’s holdings, making the stock its 19th largest position. Samlyn Capital LLC’s holdings in Intercontinental Exchange were worth $114,393,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ICE. Vanguard Group Inc. increased its position in Intercontinental Exchange by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock worth $6,978,218,000 after buying an additional 3,536,913 shares during the period. Wellington Management Group LLP increased its position in Intercontinental Exchange by 35.0% in the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after buying an additional 4,251,371 shares during the period. Capital World Investors increased its position in Intercontinental Exchange by 35.6% in the 4th quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock worth $1,238,559,000 after buying an additional 2,530,119 shares during the period. Parnassus Investments LLC increased its position in Intercontinental Exchange by 23.8% in the 4th quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock worth $1,082,646,000 after buying an additional 1,621,737 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Intercontinental Exchange by 4.3% in 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 buying an additional 218,516 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Barclays lifted their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $143.00 to $167.00 in a report on Monday, July 1st. Citigroup lifted their price objective on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $158.08.

Intercontinental Exchange Trading Up 0.1 %

ICE stock opened at $159.96 on Tuesday. The company has a market cap of $91.75 billion, a P/E ratio of 36.69, a PEG ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $163.71. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $156.07 and a 200-day moving average of $142.95.

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

Insider Transactions at Intercontinental Exchange

In other news, COO Stuart Glen Williams sold 468 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the completion of the sale, the chief operating officer now owns 13,530 shares in the company, valued at $2,202,819.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Jeffrey C. Sprecher sold 58,389 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was 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 $167,181,408.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stuart Glen Williams sold 468 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $76,195.08. Following the completion of the sale, the chief operating officer now owns 13,530 shares of the company’s stock, valued at approximately $2,202,819.30. The disclosure for this sale can be found here. Insiders sold a total of 68,166 shares of company stock worth $9,768,190 over the last 90 days. 1.10% of the stock is owned by insiders.

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.