Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC lessened its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,895 shares of the financial services provider’s stock after selling 84 shares during the quarter. Ballentine Partners LLC’s holdings in Intercontinental Exchange were worth $947,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ICE. Vanguard Group Inc. raised its stake in shares of Intercontinental Exchange by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock valued at $6,978,218,000 after purchasing an additional 3,536,913 shares in the last quarter. CCLA Investment Management raised its stake in shares of Intercontinental Exchange by 91,838.2% in the 1st quarter. CCLA Investment Management now owns 1,114,291 shares of the financial services provider’s stock valued at $152,923,000 after purchasing an additional 1,113,079 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $124,508,000. Janus Henderson Group PLC raised its stake in shares of Intercontinental Exchange by 589.4% in the 1st quarter. Janus Henderson Group PLC now owns 804,507 shares of the financial services provider’s stock valued at $110,559,000 after purchasing an additional 687,817 shares in the last quarter. Finally, James Hambro & Partners acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $93,340,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 602 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 14,034 shares in the company, valued at $2,284,875.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 14,034 shares of the company’s stock, valued at $2,284,875.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,489 shares of company stock worth $1,202,259 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE ICE opened at $165.31 on Friday. The company has a 50-day moving average price of $161.61 and a two-hundred day moving average price of $147.19. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market cap of $94.91 billion, a price-to-earnings ratio of 40.92, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $167.64.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data 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 business 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 was up 22.7% on a year-over-year basis. During the same period last year, the firm posted $1.43 earnings per share. Analysts forecast that Intercontinental Exchange, Inc. will post 6.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ICE. JPMorgan Chase & Co. increased their price objective on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective 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. Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a research note on Monday, October 14th. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, Barclays increased their price objective on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.93.

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.