Mutual of America Capital Management LLC Reduces Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Mutual of America Capital Management LLC lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,702 shares of the financial services provider’s stock after selling 1,632 shares during the period. Mutual of America Capital Management LLC’s holdings in Intercontinental Exchange were worth $11,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC boosted its holdings in shares of Intercontinental Exchange by 77.0% in the first quarter. Intech Investment Management LLC now owns 15,338 shares of the financial services provider’s stock valued at $2,108,000 after acquiring an additional 6,673 shares during the period. Jacobi Capital Management LLC increased its stake in Intercontinental Exchange by 86.4% in the first quarter. Jacobi Capital Management LLC now owns 3,733 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 1,730 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Intercontinental Exchange by 30.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 39,759 shares of the financial services provider’s stock valued at $5,464,000 after buying an additional 9,340 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of Intercontinental Exchange by 200.2% during the first quarter. UniSuper Management Pty Ltd now owns 14,459 shares of the financial services provider’s stock worth $1,987,000 after buying an additional 9,642 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Intercontinental Exchange by 0.7% during the first quarter. Bessemer Group Inc. now owns 2,795,043 shares of the financial services provider’s stock worth $384,122,000 after buying an additional 19,127 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on ICE shares. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Bank of America increased their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research report on Monday, October 14th. TD Cowen assumed coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.13.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $155.55 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $89.31 billion, a PE ratio of 36.86, a P/E/G ratio of 2.57 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1 year low of $110.64 and a 1 year high of $167.99. The stock has a fifty day moving average price of $160.97 and a 200 day moving average price of $150.22.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the firm earned $1.46 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Martha A. Tirinnanzi sold 509 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the completion of the transaction, the director now directly owns 3,958 shares of the company’s stock, valued at $629,242.84. The trade was a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Warren Gardiner sold 750 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. The trade was a 4.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock worth $1,202,259 over the last ninety days. 1.10% of the stock is currently owned by insiders.

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.