Captrust Financial Advisors lifted its position in Intercontinental Exchange Inc (NYSE:ICE) by 21.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,563 shares of the financial services provider’s stock after purchasing an additional 987 shares during the period. Captrust Financial Advisors’ holdings in Intercontinental Exchange were worth $409,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kaizen Advisory LLC boosted its holdings in shares of Intercontinental Exchange by 143.4% in the second quarter. Kaizen Advisory LLC now owns 1,356 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 799 shares during the period. Quad Cities Investment Group LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at approximately $104,000. Sun Life Financial INC boosted its holdings in shares of Intercontinental Exchange by 717.7% in the second quarter. Sun Life Financial INC now owns 1,570 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,378 shares during the period. Townsend & Associates Inc boosted its holdings in shares of Intercontinental Exchange by 894.0% in the second quarter. Townsend & Associates Inc now owns 1,650 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 1,484 shares during the period. Finally, Institutional & Family Asset Management LLC purchased a new stake in shares of Intercontinental Exchange in the first quarter valued at approximately $128,000. Hedge funds and other institutional investors own 88.55% of the company’s stock.
A number of analysts recently issued reports on the company. Wells Fargo & Co reiterated a “market perform” rating and issued a $80.00 price target (up previously from $74.00) on shares of Intercontinental Exchange in a report on Monday, July 9th. ValuEngine lowered Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Saturday, June 16th. Barclays boosted their price target on Intercontinental Exchange from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, July 12th. Zacks Investment Research lowered Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, Citigroup boosted their price target on Intercontinental Exchange from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. Intercontinental Exchange has an average rating of “Buy” and an average target price of $81.44.
Intercontinental Exchange stock opened at $77.38 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25. The firm has a market cap of $43.99 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 2.24 and a beta of 0.64. Intercontinental Exchange Inc has a twelve month low of $63.93 and a twelve month high of $77.81.
Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. Intercontinental Exchange had a return on equity of 11.45% and a net margin of 41.83%. Intercontinental Exchange’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. analysts anticipate that Intercontinental Exchange Inc will post 3.48 earnings per share for the current fiscal year.
In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 80,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $73.28, for a total transaction of $5,862,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Charles A. Vice sold 35,000 shares of the company’s stock in a transaction on Friday, July 6th. The stock was sold at an average price of $73.17, for a total value of $2,560,950.00. Following the sale, the insider now owns 384,017 shares of the company’s stock, valued at approximately $28,098,523.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 169,593 shares of company stock valued at $12,424,066. 1.50% of the stock is owned by company insiders.
Intercontinental Exchange Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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