Intercontinental Exchange Inc (ICE) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can increased its holdings in shares of Intercontinental Exchange Inc (NYSE:ICE) by 21.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 530,246 shares of the financial services provider’s stock after purchasing an additional 94,858 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Intercontinental Exchange were worth $40,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. BlackRock Inc. increased its position in Intercontinental Exchange by 0.8% in the fourth quarter. BlackRock Inc. now owns 33,815,473 shares of the financial services provider’s stock worth $2,547,321,000 after buying an additional 267,793 shares in the last quarter. Janus Henderson Group PLC increased its position in Intercontinental Exchange by 2.9% in the first quarter. Janus Henderson Group PLC now owns 11,776,528 shares of the financial services provider’s stock worth $896,651,000 after buying an additional 333,709 shares in the last quarter. Northern Trust Corp increased its position in Intercontinental Exchange by 1.3% in the fourth quarter. Northern Trust Corp now owns 10,715,964 shares of the financial services provider’s stock worth $807,233,000 after buying an additional 137,414 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in Intercontinental Exchange by 7.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 8,538,972 shares of the financial services provider’s stock worth $643,240,000 after buying an additional 579,012 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Intercontinental Exchange by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 6,607,483 shares of the financial services provider’s stock worth $496,763,000 after buying an additional 440,954 shares in the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, General Counsel Andrew J. Surdykowski sold 1,200 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $81.00, for a total transaction of $97,200.00. Following the completion of the sale, the general counsel now owns 41,161 shares in the company, valued at $3,334,041. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 53,166 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $81.26, for a total value of $4,320,269.16. The disclosure for this sale can be found here. Insiders have sold 176,121 shares of company stock valued at $13,772,193 in the last quarter. 1.50% of the stock is currently owned by company insiders.

A number of analysts have commented on the company. ValuEngine upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Zacks Investment Research cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Bank of America set a $85.00 price target on Intercontinental Exchange and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Wells Fargo & Co upped their price target on Intercontinental Exchange from $79.00 to $81.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. Finally, Deutsche Bank reduced their price target on Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. Intercontinental Exchange currently has a consensus rating of “Buy” and an average target price of $85.55.

NYSE:ICE opened at $81.25 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc has a 12-month low of $69.33 and a 12-month high of $82.65. The stock has a market cap of $45.74 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.66 and a beta of 0.50.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business posted $0.90 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. As a group, research analysts anticipate that Intercontinental Exchange Inc will post 3.74 EPS for the current year.

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Intercontinental Exchange Company Profile

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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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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