Mediolanum International Funds Ltd Has $30.55 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Mediolanum International Funds Ltd reduced its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 45.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 192,929 shares of the financial services provider’s stock after selling 158,352 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Intercontinental Exchange were worth $30,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ICE. Annapolis Financial Services LLC increased its stake in Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares in the last quarter. New Millennium Group LLC bought a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $25,000. Fairscale Capital LLC bought a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $25,000. Finally, Wolff Wiese Magana LLC increased its stake in Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ICE. Bank of America increased their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Barclays upped their price target on Intercontinental Exchange from $167.00 to $179.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.93.

Intercontinental Exchange Stock Performance

ICE traded up $0.61 during trading hours on Friday, reaching $167.51. The company’s stock had a trading volume of 523,934 shares, compared to its average volume of 2,492,059. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $167.55. The company’s 50-day moving average is $161.21 and its 200-day moving average is $146.86. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $96.08 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The firm had revenue of $2.32 billion for 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 quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 EPS. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.08 EPS for the current year.

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at $2,666,400. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the sale, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock valued at $1,202,259 over the last ninety days. 1.10% of the stock is owned by corporate 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.