M&T Bank Corp grew its position in Intercontinental Exchange Inc (NYSE:ICE) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,182 shares of the financial services provider’s stock after purchasing an additional 2,073 shares during the period. M&T Bank Corp’s holdings in Intercontinental Exchange were worth $7,984,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ICE. Skylands Capital LLC grew its holdings in shares of Intercontinental Exchange by 1.8% during the second quarter. Skylands Capital LLC now owns 64,150 shares of the financial services provider’s stock valued at $5,876,000 after buying an additional 1,150 shares in the last quarter. Mattern Wealth Management LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter worth about $513,000. Sciencast Management LP acquired a new stake in Intercontinental Exchange during the 2nd quarter worth about $2,634,000. Pacer Advisors Inc. purchased a new position in Intercontinental Exchange during the 2nd quarter valued at about $4,292,000. Finally, Chicago Capital LLC increased its holdings in shares of Intercontinental Exchange by 1.0% in the 2nd quarter. Chicago Capital LLC now owns 562,004 shares of the financial services provider’s stock valued at $51,480,000 after purchasing an additional 5,821 shares during the period. Institutional investors own 87.47% of the company’s stock.
In other news, Director William Jefferson Hague sold 733 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $96.32, for a total value of $70,602.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey C. Sprecher sold 100,000 shares of Intercontinental Exchange stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $95.54, for a total value of $9,554,000.00. The disclosure for this sale can be found here. Insiders sold 111,486 shares of company stock valued at $10,632,325 over the last 90 days. 1.50% of the stock is owned by corporate insiders.
ICE opened at $96.78 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $52.96 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54. The stock has a 50-day moving average of $93.21 and a 200-day moving average of $91.48. Intercontinental Exchange Inc has a 52-week low of $63.51 and a 52-week high of $101.93.
Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.03. Intercontinental Exchange had a return on equity of 14.14% and a net margin of 29.01%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, research analysts predict that Intercontinental Exchange Inc will post 4.41 earnings per share for the current year.
About Intercontinental Exchange
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, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.
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