Samlyn Capital LLC Acquires 490,671 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Samlyn Capital LLC increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 142.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 835,654 shares of the financial services provider’s stock after buying an additional 490,671 shares during the quarter. Intercontinental Exchange comprises approximately 1.9% of Samlyn Capital LLC’s portfolio, making the stock its 19th biggest position. Samlyn Capital LLC owned about 0.15% of Intercontinental Exchange worth $114,393,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ICE. Wellington Management Group LLP raised its holdings in shares of Intercontinental Exchange by 35.0% during the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after acquiring an additional 4,251,371 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Intercontinental Exchange by 7.5% during the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock valued at $6,978,218,000 after buying an additional 3,536,913 shares during the period. Capital World Investors increased its stake 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 valued at $1,238,559,000 after buying an additional 2,530,119 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Intercontinental Exchange by 303.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider’s stock valued at $305,832,000 after purchasing an additional 1,790,493 shares in the last quarter. Finally, Parnassus Investments LLC boosted its position in 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 valued at $1,082,646,000 after purchasing an additional 1,621,737 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CTO Mayur Kapani sold 395 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the completion of the sale, the chief technology officer now directly owns 64,471 shares of the company’s stock, valued at approximately $9,098,792.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the sale, the general counsel now directly owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mayur Kapani sold 395 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the sale, the chief technology officer now directly owns 64,471 shares of the company’s stock, valued at $9,098,792.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,166 shares of company stock valued at $9,768,190. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 0.1 %

NYSE:ICE opened at $159.96 on Tuesday. The business has a fifty day moving average of $156.07 and a 200-day moving average of $142.95. Intercontinental Exchange, Inc. has a 1 year low of $104.49 and a 1 year high of $163.71. The stock has a market cap of $91.75 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 2.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. Intercontinental Exchange’s revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ICE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price objective on Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Citigroup boosted their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.08.

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.