Xponance Inc. Has $10.81 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Xponance Inc. trimmed its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 78,958 shares of the financial services provider’s stock after selling 2,077 shares during the period. Xponance Inc.’s holdings in Intercontinental Exchange were worth $10,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Gilbert & Cook Inc. boosted its position in Intercontinental Exchange by 5.5% during the fourth quarter. Gilbert & Cook Inc. now owns 3,636 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 188 shares during the period. 9258 Wealth Management LLC grew its stake in Intercontinental Exchange by 29.9% in the 4th quarter. 9258 Wealth Management LLC now owns 7,607 shares of the financial services provider’s stock valued at $977,000 after buying an additional 1,752 shares during the last quarter. Gryphon Financial Partners LLC raised its holdings in Intercontinental Exchange by 38.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,356 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 1,220 shares during the period. Assetmark Inc. lifted its position in Intercontinental Exchange by 0.8% during the fourth quarter. Assetmark Inc. now owns 10,224 shares of the financial services provider’s stock worth $1,313,000 after acquiring an additional 86 shares during the last quarter. Finally, Commerce Bank boosted its holdings in shares of Intercontinental Exchange by 0.7% during the fourth quarter. Commerce Bank now owns 23,830 shares of the financial services provider’s stock worth $3,060,000 after acquiring an additional 171 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $159.96 on Tuesday. The stock has a fifty day moving average of $156.07 and a 200-day moving average of $142.95. The stock has a market capitalization of $91.75 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. 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, Inc. has a 52 week low of $104.49 and a 52 week high of $163.71.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the transaction, the general counsel now directly owns 46,815 shares in the company, valued at approximately $6,397,737.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the transaction, the general counsel now owns 46,815 shares in the company, valued at approximately $6,397,737.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the transaction, the insider now directly owns 14,636 shares of the company’s stock, valued at approximately $2,174,909.60. The disclosure for this sale can be found here. Insiders have sold 68,166 shares of company stock worth $9,768,190 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ICE. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their price objective for the company from $143.00 to $167.00 in a report on Monday, July 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Barclays boosted their price objective on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Finally, StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.