Chevi Chase Trust Holdings Inc. in the third quarter reduced its position in the action of Intercontinental Ekchange Inc. (NISE: ICE) in the amount of 3.0%, according to the latest filing of Form 13F with the Securities and Exchange Commission (SEC). The company owned 551,538 stocks of financial services providers after selling 17,170 shares during the period. Chevi Chase Trust Holdings Inc. owned approximately 0.10% of Intercontinental Exchange in the amount of 41,305,000 USD from its latest SEC filing.
Other hedge funds have recently added or diminished roles in the company. In the second quarter, Janus Henderson Group PLC raised its stake in Intercontinental Exchange by 5.7%. Janus Henderson Group PLC now has 11,536,121 stocks of financial services providers worth $ 848,486,000 after purchasing an additional 619,979 shares during the period. OppenheimerFunds Inc. increased its shares in the Intercontinental Exchange by 17.1% during the second quarter. OppenheimerFunds Inc. now owns 6,938,214 stocks of financial services providers worth $ 510,306,000 after purchasing an additional 1,011,626 shares in the last quarter. Standard Life Aberdeen plc increased its shares in the Intercontinental Exchange by 3.5% in the second quarter. Standard Life Aberdeen plc now owns 5,475,090 stocks of financial services providers worth $ 402,774,000 after purchasing an additional 183,310 shares in the last quarter. Fred Alger Management Inc. increased its stake in Intercontinental Exchange by 10.5% during the second quarter. Fred Alger Management Inc. now owns 4,667,461 shares of financial services provider in the value of $ 343,292,000 after purchasing an additional 442,680 shares in the last quarter. Finally, Vinsel Capital Management LLC increased its stake in Intercontinental Exchange by 13.5% during the second quarter. Vinsel Capital Management LLC now owns 4,387,413 stocks of financial services providers worth $ 322,695,000 after purchasing an additional 523,313 shares in the last quarter. Institutional investors own 89.31% of shares of the company.
Several analysts have recently tended to cattle. Zacks Investment Research reaffirmed its "Bui" rating on Tuesday and set a target of $ 86.00 for the Intercontinental Exchange. Deutsche Bank raised its target price for Intercontinental Exchange shares from $ 85.00 to $ 86.00 and gave a "rating" rating on Friday. Raymond James raised his price target for Intercontinental Exchange shares from $ 81.00 to $ 86.00 and gave the action a "report" in a report on Thursday, November 1st. Barclais raised their price target for the shares of Intercontinental Exchange from $ 82.00 to $ 85.00 and gave a rating in the "report" on Thursday, November 1st. Finally, Citigroup set a target of $ 80.00 for the Intercontinental Exchange and gave a rating to "hold" in a report on Thursday, November 1st. Three research analysts rated the action with a rating for maintenance and twelve gave a rating for the purchase of the action. Intercontinental exchanges have an average buy-in rating and a target price of a $ 84.50 consensus.
Meanwhile, CO Mark Vassersug has sold 7,903 shares of the Intercontinental Stock Exchange in a transaction on Thursday, November 15th. The shares were sold at an average price of $ 79.13 for a total transaction of $ 625,364.39. After the transaction, the Chief Operating Officer now directly owns 36,982 shares of the company's shares, valued at 2,926,385.66 dollars. The sale is disclosed in the SEC's Legal Brief, which is available on the SEC website. Also, CEO Jeffrei C. Sprecher has sold 80,000 shares of the Intercontinental Exchange Exchange in a transaction on Wednesday, August 22. The sale was sold at an average price of $ 73.28 for a total transaction of $ 5,862,400.00. The explanation for this sale can be found here. During the last ninety days, insiders sold 300,625 shares of the company in the amount of 22,834,370 dollars. Insiders own 1.50% of shares of the company.
ICE stocks traded on Friday at $ 1.03 a day, reaching $ 81.22. The company's stock fund had a trading volume of 4,502,491 shares, compared with an average volume of 2,623,589. Intercontinental Ekchange Inc. has 52 weeks low at $ 65.97 and 52 weeks high at $ 81.29. The action has a market cap of 44.95 billion dollars, a JP ratio of 27.53, a PEG ratio of 2.28 and a beta of 0.53. The company has a debt ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00.
Intercontinental Exchange (NISE: ICE) announced its quarterly earnings data on Wednesday, October 31. Financial Services Provider reported a gain of $ 0.85 per share (EPS) for a quarter, exceeding analysts' consensus estimates of $ 0.80 for $ 0.05. The intercontinental stock market had a net margin of 43.09% and a return on equity of 11.67%. The firm had $ 1.20 billion per quarter, compared with analysts' expectations of $ 1.19 billion. During the same period last year, the company earned a profit of $ 0.73 per share. Operating revenues for the quarter increased by 4.7% annually. As a group, analysts on sales predict that Intercontinental Ekchange Inc. will announce 3.52 earnings per share for the current fiscal year.
The Intercontinental Stock Exchange announced that its board of directors approved a share buyout program on Wednesday, October 31, allowing the company to repurchase $ 2.00 billion in outstanding shares. These repurchase powers allow a financial services provider to redeem up to 4.8% of its shares through open-market purchases. Purchase programs are usually an indication that the company's management believes its action is underestimated.
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Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc. operates regulated stock exchanges, clearing houses and sales outlets for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel and Canada. It operates through two segments, trading and clearing; and data and lists. The company operates in the listing, trading and clearing markets of derivatives and securities contracts in various classes of assets, including energy and agricultural products, interest rates, stocks, equity and credit derivatives, trading funds, bonds and currencies.
A prominent story: the ratio of debt to equity
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