Sumitomo Mitsui Trust Holdings Inc. Has $306.68 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,231,539 shares of the financial services provider’s stock after purchasing an additional 13,990 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.39% of Intercontinental Exchange worth $306,680,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Intercontinental Exchange by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock valued at $5,162,041,000 after purchasing an additional 1,012,034 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Intercontinental Exchange by 35.0% during the fourth 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 in the last quarter. Capital World Investors lifted its holdings in shares of Intercontinental Exchange by 35.6% during the fourth 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 in the last quarter. Parnassus Investments LLC lifted its holdings in shares of Intercontinental Exchange by 23.8% during the fourth 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 in the last quarter. Finally, Norges Bank acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $839,259,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $141.14 on Thursday. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $141.59. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The business’s 50-day moving average price is $134.79 and its two-hundred day moving average price is $133.12. The stock has a market cap of $80.96 billion, a PE ratio of 32.37, a P/E/G ratio of 2.62 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. As a group, analysts expect that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Bank of America dropped their target price on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a report on Friday, April 19th. Citigroup boosted their price target on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Morgan Stanley boosted their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.29.

Insider Transactions at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,267 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total transaction of $305,070.19. Following the sale, the director now directly owns 28,849 shares in the company, valued at $3,882,209.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Judith A. Sprieser sold 2,267 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total transaction of $305,070.19. Following the sale, the director now directly owns 28,849 shares in the company, valued at $3,882,209.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the sale, the general counsel now owns 48,713 shares in the company, valued at $6,417,450.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,506 shares of company stock worth $609,374. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Profile

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.