Gulf International Bank UK Ltd Purchases 269 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Gulf International Bank UK Ltd increased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 47,250 shares of the financial services provider’s stock after buying an additional 269 shares during the period. Gulf International Bank UK Ltd’s holdings in Intercontinental Exchange were worth $6,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ICE. Scarborough Advisors LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $25,000. Jones Financial Companies Lllp bought a new position in shares of Intercontinental Exchange during the 3rd quarter worth about $26,000. Fortitude Family Office LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $28,000. Stuart Chaussee & Associates Inc. bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $28,000. Finally, Altshuler Shaham Ltd bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $29,000. Institutional investors own 89.30% of the company’s stock.

Insider Activity

In other news, Director Judith A. Sprieser sold 2,238 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $137.36, for a total transaction of $307,411.68. Following the sale, the director now directly owns 29,347 shares of the company’s stock, valued at $4,031,103.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Judith A. Sprieser sold 2,238 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $137.36, for a total value of $307,411.68. Following the transaction, the director now directly owns 29,347 shares in the company, valued at $4,031,103.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares in the company, valued at $161,893,392.95. The disclosure for this sale can be found here. Insiders have sold 63,234 shares of company stock valued at $8,668,823 over the last three months. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ICE has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Morgan Stanley increased their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. increased their price target on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Citigroup increased their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Bank of America dropped their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.29.

Intercontinental Exchange Price Performance

ICE opened at $137.84 on Friday. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $140.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50 day simple moving average is $133.83 and its 200-day simple moving average is $132.02. The stock has a market capitalization of $79.06 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. Intercontinental Exchange’s revenue was up 20.8% compared to the same quarter last year. Sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current fiscal year.

Intercontinental Exchange Company 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.