Chatham Capital Group Inc. cut its stake in shares of Intercontinental Exchange Inc (NYSE:ICE) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,875 shares of the financial services provider’s stock after selling 2,570 shares during the period. Intercontinental Exchange makes up approximately 1.7% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 16th largest holding. Chatham Capital Group Inc.’s holdings in Intercontinental Exchange were worth $6,615,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in Intercontinental Exchange by 3.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 129,416 shares of the financial services provider’s stock valued at $9,748,000 after purchasing an additional 3,953 shares during the last quarter. D.B. Root & Company LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $339,000. Shell Asset Management Co. lifted its position in shares of Intercontinental Exchange by 128.2% during the 1st quarter. Shell Asset Management Co. now owns 78,512 shares of the financial services provider’s stock worth $5,978,000 after buying an additional 44,112 shares in the last quarter. Tibra Equities Europe Ltd bought a new position in shares of Intercontinental Exchange during the 1st quarter worth approximately $1,964,000. Finally, Solstein Capital LLC lifted its position in shares of Intercontinental Exchange by 460.0% during the 4th quarter. Solstein Capital LLC now owns 7,200 shares of the financial services provider’s stock worth $542,000 after buying an additional 9,200 shares in the last quarter. 89.12% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:ICE traded up $0.36 during trading on Friday, reaching $84.93. 1,209,249 shares of the stock traded hands, compared to its average volume of 2,757,065. Intercontinental Exchange Inc has a 52-week low of $69.69 and a 52-week high of $86.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market cap of $47.84 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.77 and a beta of 0.48.
In related news, Director Vincent Tese sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $81.87, for a total transaction of $163,740.00. Following the transaction, the director now owns 35,004 shares in the company, valued at $2,865,777.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Lynn C. Martin sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $85.01, for a total transaction of $212,525.00. Following the transaction, the chief operating officer now owns 28,495 shares in the company, valued at approximately $2,422,359.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 186,712 shares of company stock worth $14,843,289. Corporate insiders own 1.50% of the company’s stock.
ICE has been the topic of a number of research reports. Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Bank of America set a $85.00 price target on shares of Intercontinental Exchange and gave the stock a “buy” rating in a report on Tuesday, April 9th. ValuEngine cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Deutsche Bank lowered their price target on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Finally, Wells Fargo & Co lifted their price target on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $85.55.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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