Goodman Advisory Group LLC Takes Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Goodman Advisory Group LLC purchased a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,008 shares of the financial services provider’s stock, valued at approximately $1,644,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ICE. American National Bank lifted its stake in Intercontinental Exchange by 13.8% in the 2nd quarter. American National Bank now owns 569 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 69 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in shares of Intercontinental Exchange by 3.4% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,223 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 73 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Intercontinental Exchange by 1.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,083 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 74 shares in the last quarter. Founders Financial Securities LLC increased its position in shares of Intercontinental Exchange by 4.8% in the second quarter. Founders Financial Securities LLC now owns 1,600 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 74 shares during the last quarter. Finally, Pettyjohn Wood & White Inc. raised its stake in Intercontinental Exchange by 0.5% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 75 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ICE shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Royal Bank of Canada initiated coverage on Intercontinental Exchange in a research report on Friday. They set an “outperform” rating and a $200.00 price objective on the stock. Citigroup boosted their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $162.47.

Insider Buying and Selling

In related news, CEO Jeffrey C. Sprecher sold 58,389 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the transaction, the chief executive officer now owns 1,179,993 shares in the company, valued at $167,181,408.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Intercontinental Exchange news, CTO Mayur Kapani sold 395 shares of the business’s stock in a transaction dated 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 sale, the chief technology officer now directly owns 64,471 shares in the company, valued at approximately $9,098,792.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the sale, the chief executive officer now directly 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. In the last ninety days, insiders sold 66,268 shares of company stock worth $9,508,809. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Up 0.3 %

ICE stock opened at $158.64 on Friday. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $163.71. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average of $156.89 and a 200 day moving average of $143.46. The firm has a market cap of $90.99 billion, a PE ratio of 36.39, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released 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 for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

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.