&Partners grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 111.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,084 shares of the financial services provider’s stock after purchasing an additional 4,797 shares during the quarter. &Partners’ holdings in Intercontinental Exchange were worth $1,244,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Scarborough Advisors LLC bought a new position in Intercontinental Exchange in the 4th quarter worth approximately $25,000. Annapolis Financial Services LLC boosted its holdings in shares of Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 163 shares during the period. Redmont Wealth Advisors LLC purchased a new position in shares of Intercontinental Exchange in the first quarter valued at $26,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $28,000. Finally, Venturi Wealth Management LLC lifted its holdings in Intercontinental Exchange by 82.3% during the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.
Intercontinental Exchange Price Performance
ICE stock opened at $160.01 on Friday. The firm has a market cap of $91.78 billion, a P/E ratio of 36.70, a P/E/G ratio of 2.68 and a beta of 1.06. Intercontinental Exchange, Inc. has a 52 week low of $104.49 and a 52 week high of $160.25. The firm’s fifty day moving average is $147.29 and its 200 day moving average is $139.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.01 and a current ratio of 0.99.
Insider Transactions at Intercontinental Exchange
In related news, CTO Mayur Kapani sold 395 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $141.13, for a total transaction of $55,746.35. Following the completion of the transaction, the chief technology officer now owns 64,471 shares in the company, valued at $9,098,792.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were 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 in the company, valued at $167,181,408.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mayur Kapani sold 395 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the transaction, the chief technology officer now owns 64,471 shares in the company, valued at approximately $9,098,792.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,992 shares of company stock worth $9,197,801. 1.10% of the stock is currently owned by insiders.
Analysts Set New Price Targets
ICE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Citigroup increased their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Argus reissued a “buy” rating and set a $153.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. The Goldman Sachs Group upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their target price for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.93.
Check Out Our Latest Report on ICE
About Intercontinental Exchange
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.
See Also
- Five stocks we like better than Intercontinental Exchange
- Using the MarketBeat Dividend Tax Calculator
- CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play
- Why is the Ex-Dividend Date Significant to Investors?
- 3 High Short-Interest Stocks Poised for a Rate Cut Squeeze
- How Can Investors Benefit From After-Hours Trading
- MarketBeat Week in Review – 8/19 – 8/23
Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange, Inc. (NYSE:ICE – Free Report).
Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.