Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Point72 Europe London LLP

Point72 Europe London LLP decreased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 8.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 57,392 shares of the financial services provider’s stock after selling 5,108 shares during the period. Point72 Europe London LLP’s holdings in Intercontinental Exchange were worth $7,856,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at $25,000. Annapolis Financial Services LLC raised its position in shares of Intercontinental Exchange by 1,018.8% during the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 163 shares during the last quarter. New Millennium Group LLC purchased a new position in Intercontinental Exchange in the 2nd quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter worth about $25,000. Finally, Fairscale Capital LLC purchased a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $25,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $158.75 on Wednesday. The firm has a 50 day simple moving average of $156.26 and a 200-day simple moving average of $143.09. The stock has a market cap of $91.14 billion, a price-to-earnings ratio of 36.41, 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 current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $163.71.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping 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%. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. On average, analysts expect that Intercontinental Exchange, Inc. will post 6.04 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ICE shares. The Goldman Sachs Group upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their target price for the company from $143.00 to $167.00 in a research report on Monday, July 1st. JPMorgan Chase & Co. lifted their target price on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Citigroup increased their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Barclays boosted their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.08.

Insider Transactions at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 602 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the sale, the insider now directly owns 14,034 shares in the company, valued at approximately $2,284,875.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Jeffrey C. Sprecher sold 58,389 shares of Intercontinental Exchange stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $141.68, for a total value of $8,272,553.52. Following the completion of the sale, the chief executive officer now directly owns 1,179,993 shares of the company’s stock, valued at $167,181,408.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Scott Edmonds sold 602 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the sale, the insider now owns 14,034 shares in the company, valued at approximately $2,284,875.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,268 shares of company stock worth $9,508,809. 1.10% of the stock is currently owned by company insiders.

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.