Bank of Montreal Can Sells 18,719 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Bank of Montreal Can trimmed its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.8% in the second quarter, Holdings Channel.com reports. The firm owned 1,007,766 shares of the financial services provider’s stock after selling 18,719 shares during the quarter. Bank of Montreal Can’s holdings in Intercontinental Exchange were worth $138,598,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ICE. Evergreen Capital Management LLC boosted its holdings in shares of Intercontinental Exchange by 8.3% in the second quarter. Evergreen Capital Management LLC now owns 3,772 shares of the financial services provider’s stock valued at $516,000 after buying an additional 289 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Intercontinental Exchange by 212.1% in the second quarter. Public Sector Pension Investment Board now owns 280,883 shares of the financial services provider’s stock valued at $38,450,000 after buying an additional 190,886 shares during the last quarter. Commonwealth Financial Services LLC bought a new position in shares of Intercontinental Exchange during the 2nd quarter worth approximately $286,000. DRW Securities LLC increased its holdings in shares of Intercontinental Exchange by 121.2% during the 2nd quarter. DRW Securities LLC now owns 5,289 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 2,898 shares during the last quarter. Finally, Fairscale Capital LLC bought a new stake in Intercontinental Exchange in the 2nd quarter valued at $25,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Up 0.1 %

Shares of NYSE:ICE opened at $159.96 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $91.75 billion, a P/E ratio of 36.69, 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 $156.07 and its two-hundred day simple moving average is $142.95.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on ICE shares. Citigroup upped their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.08.

Insider Activity at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 602 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now owns 14,034 shares of the company’s stock, valued at $2,284,875.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO James W. Namkung sold 1,043 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $156,450.00. Following the completion of the sale, the chief accounting officer now directly 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 link. Also, insider Christopher Scott Edmonds sold 602 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the sale, the insider now directly owns 14,034 shares in the company, valued at approximately $2,284,875.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,166 shares of company stock worth $9,768,190. 1.10% of the stock is owned by company insiders.

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.