Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Wealth Alliance

Wealth Alliance decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.5% in the 2nd quarter, Holdings Channel reports. The fund owned 3,631 shares of the financial services provider’s stock after selling 93 shares during the period. Wealth Alliance’s holdings in Intercontinental Exchange were worth $497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICE. Gilbert & Cook Inc. increased its position in shares of Intercontinental Exchange by 5.5% in the 4th 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 last quarter. 9258 Wealth Management LLC increased its stake in shares of Intercontinental Exchange by 29.9% during the fourth quarter. 9258 Wealth Management LLC now owns 7,607 shares of the financial services provider’s stock valued at $977,000 after acquiring an additional 1,752 shares during the period. Gryphon Financial Partners LLC raised its stake in shares of 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 worth $511,000 after buying an additional 1,220 shares in the last quarter. Gladstone Institutional Advisory LLC raised its position in Intercontinental Exchange by 9.1% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 2,568 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 215 shares in the last quarter. Finally, Sachetta LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of the business’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 transaction, 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 SEC, which is available at this hyperlink. In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of Intercontinental Exchange stock in a transaction on Monday, July 8th. The shares were sold at an average price of $141.13, for a total transaction of $55,746.35. Following the completion of the sale, the chief technology officer now owns 64,471 shares of the company’s stock, valued at approximately $9,098,792.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the company’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 owns 1,179,993 shares of the company’s stock, valued at approximately $167,181,408.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,096 shares of company stock valued at $9,593,983. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a report on Monday. Barclays boosted their target price on Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their price target for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $158.08.

Intercontinental Exchange Trading Down 1.5 %

Intercontinental Exchange stock opened at $158.87 on Friday. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $163.71. The stock has a market cap of $91.13 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. The business has a 50 day moving average price of $155.59 and a two-hundred day moving average price of $142.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69.

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

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.