Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 6.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,887 shares of the financial services provider’s stock after selling 120 shares during the quarter. Sunbelt Securities Inc.’s holdings in Intercontinental Exchange were worth $259,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ICE. Nordea Investment Management AB grew its holdings in shares of Intercontinental Exchange by 27.3% in the fourth quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock valued at $7,311,000 after purchasing an additional 12,208 shares during the period. Wellington Management Group LLP grew its stake in shares of Intercontinental Exchange by 35.0% in the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after buying an additional 4,251,371 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Intercontinental Exchange by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock worth $3,253,000 after buying an additional 1,991 shares during the last quarter. Point72 Europe London LLP raised its position in shares of Intercontinental Exchange by 10.9% during the 4th quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock valued at $8,515,000 after buying an additional 6,500 shares during the period. Finally, Perpetual Ltd lifted its holdings in Intercontinental Exchange by 0.4% in the first quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock valued at $204,495,000 after acquiring an additional 6,272 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the sale, the chief executive officer now owns 1,179,895 shares of the company’s stock, valued at $161,893,392.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the transaction, the chief executive officer now owns 1,179,895 shares of the company’s stock, valued at $161,893,392.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judith A. Sprieser sold 2,267 shares of Intercontinental Exchange stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total value of $305,070.19. Following the sale, the director now directly owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,996 shares of company stock valued at $8,361,411. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $137.47 on Friday. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $140.43. The company has a fifty day simple moving average of $134.27 and a two-hundred day simple moving average of $132.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a market cap of $78.85 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06.

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

Analyst Ratings Changes

ICE has been the subject of several recent analyst reports. Citigroup raised their target price on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. boosted their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Bank of America decreased their target price on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Argus reiterated a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Finally, Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.29.

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.