Penserra Capital Management LLC lowered its position in Intercontinental Exchange Inc (NYSE:ICE) by 13.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,431 shares of the financial services provider’s stock after selling 2,761 shares during the quarter. Penserra Capital Management LLC’s holdings in Intercontinental Exchange were worth $1,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in ICE. Intercontinental Wealth Advisors LLC acquired a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $25,000. Ruggie Capital Group acquired a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $29,000. Sontag Advisory LLC acquired a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $34,000. Whittier Trust Co. of Nevada Inc. increased its position in Intercontinental Exchange by 46.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 460 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 145 shares during the period. Finally, Lindbrook Capital LLC acquired a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $48,000. 89.09% of the stock is owned by institutional investors.
ICE has been the subject of a number of recent analyst reports. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Bank of America set a $85.00 target price on shares of Intercontinental Exchange and gave the company a “buy” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $85.50 target price on shares of Intercontinental Exchange in a research report on Monday, February 11th. Deutsche Bank decreased their target price on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, March 15th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Intercontinental Exchange in a research report on Thursday, February 7th. One investment 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. The company presently has an average rating of “Buy” and an average price target of $85.55.
Intercontinental Exchange stock opened at $81.12 on Thursday. The company has a market cap of $45.74 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.66 and a beta of 0.50. Intercontinental Exchange Inc has a 52-week low of $69.33 and a 52-week high of $82.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. As a group, sell-side analysts forecast that Intercontinental Exchange Inc will post 3.74 EPS for the current year.
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About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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