Aperio Group LLC Acquires 20,713 Shares of Intercontinental Exchange Inc. (ICE)

Aperio Group LLC increased its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 268,947 shares of the financial services provider’s stock after purchasing an additional 20,713 shares during the period. Aperio Group LLC’s holdings in Intercontinental Exchange were worth $18,477,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Intercontinental Exchange by 2.1% in the second quarter. Vanguard Group Inc. now owns 40,162,938 shares of the financial services provider’s stock worth $2,647,541,000 after purchasing an additional 844,270 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Intercontinental Exchange by 1.1% during the second quarter. BlackRock Inc. now owns 35,446,221 shares of the financial services provider’s stock worth $2,336,613,000 after buying an additional 396,042 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Intercontinental Exchange by 19.9% during the second quarter. Northern Trust Corp now owns 11,355,251 shares of the financial services provider’s stock worth $748,538,000 after buying an additional 1,883,432 shares in the last quarter. Carmignac Gestion increased its holdings in shares of Intercontinental Exchange by 0.4% during the second quarter. Carmignac Gestion now owns 10,375,555 shares of the financial services provider’s stock worth $683,957,000 after buying an additional 40,000 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Intercontinental Exchange by 1,254.2% during the second quarter. Janus Henderson Group PLC now owns 9,048,533 shares of the financial services provider’s stock worth $596,480,000 after buying an additional 8,380,362 shares in the last quarter. 90.21% of the stock is owned by hedge funds and other institutional investors.

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In other news, CEO Jeffrey C. Sprecher sold 80,420 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $65.24, for a total transaction of $5,246,600.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Charles A. Vice sold 12,500 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $64.32, for a total transaction of $804,000.00. Following the transaction, the insider now owns 382,471 shares in the company, valued at $24,600,534.72. The disclosure for this sale can be found here. Insiders sold a total of 155,550 shares of company stock worth $10,414,330 over the last quarter. Company insiders own 1.50% of the company’s stock.

Intercontinental Exchange Inc. (NYSE:ICE) traded up $0.81 on Tuesday, reaching $67.08. 2,881,400 shares of the company traded hands, compared to its average volume of 2,657,833. The company has a market cap of $38,769.68, a PE ratio of 22.69, a P/E/G ratio of 2.45 and a beta of 0.71. Intercontinental Exchange Inc. has a 1-year low of $53.91 and a 1-year high of $71.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business earned $0.64 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. equities research analysts predict that Intercontinental Exchange Inc. will post 2.95 EPS for the current fiscal year.

Intercontinental Exchange announced that its Board of Directors has approved a stock repurchase program on Thursday, November 2nd that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

ICE has been the subject of a number of research reports. Barclays PLC initiated coverage on shares of Intercontinental Exchange in a report on Friday, September 8th. They issued an “overweight” rating and a $72.00 price target for the company. Jefferies Group LLC reissued a “buy” rating and issued a $73.00 price target on shares of Intercontinental Exchange in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $73.00 price target on shares of Intercontinental Exchange in a report on Sunday, October 8th. Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, Wells Fargo & Company raised their price objective on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $73.30.

Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

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

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