Ieq Capital LLC Purchases 2,265 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Ieq Capital LLC lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 9.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,919 shares of the financial services provider’s stock after buying an additional 2,265 shares during the quarter. Ieq Capital LLC’s holdings in Intercontinental Exchange were worth $3,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ICE. American National Bank grew its holdings in Intercontinental Exchange by 13.8% during the 2nd quarter. American National Bank now owns 569 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 69 shares during the last quarter. Catalyst Financial Partners LLC grew its stake in shares of Intercontinental Exchange by 3.4% in the second quarter. Catalyst Financial Partners LLC now owns 2,223 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 73 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Intercontinental Exchange by 1.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,083 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 74 shares during the period. Founders Financial Securities LLC raised its position in Intercontinental Exchange by 4.8% during the 2nd quarter. Founders Financial Securities LLC now owns 1,600 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 74 shares during the last quarter. Finally, Pettyjohn Wood & White Inc. lifted its holdings in Intercontinental Exchange by 0.5% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock worth $2,031,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In related news, CAO James W. Namkung sold 1,043 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the sale, the chief accounting officer now owns 17,836 shares in the company, valued at approximately $2,675,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Warren Gardiner sold 750 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the transaction, the chief financial officer now owns 16,576 shares of the company’s stock, valued at $2,675,863.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James W. Namkung sold 1,043 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the sale, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at $2,675,400. The disclosure for this sale can be found here. Insiders sold 68,166 shares of company stock worth $9,768,190 over the last three months. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Up 0.6 %

Shares of NYSE:ICE opened at $159.84 on Friday. The firm has a market cap of $91.68 billion, a P/E ratio of 36.66, a PEG ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $163.71. The business’s 50 day simple moving average is $155.82 and its two-hundred day simple moving average is $142.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. Intercontinental Exchange’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ICE has been the topic of several analyst reports. Citigroup upped their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Barclays lifted their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.08.

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.