Callan Family Office LLC Buys 11,083 Shares of Intercontinental Exchange Inc. $ICE

Callan Family Office LLC raised its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 144.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,745 shares of the financial services provider’s stock after buying an additional 11,083 shares during the period. Callan Family Office LLC’s holdings in Intercontinental Exchange were worth $3,439,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tsfg LLC increased its holdings in shares of Intercontinental Exchange by 187.3% in the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock worth $27,000 after buying an additional 103 shares during the last quarter. Activest Wealth Management boosted its stake in shares of Intercontinental Exchange by 4,050.0% in the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 162 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of Intercontinental Exchange by 595.8% in the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 143 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at $31,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Intercontinental Exchange in the 1st quarter valued at $30,000. Institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $175.62, for a total value of $280,992.00. Following the completion of the sale, the senior vice president directly owned 25,796 shares of the company’s stock, valued at approximately $4,530,293.52. This trade represents a 5.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,900 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the sale, the director directly owned 18,169 shares of the company’s stock, valued at approximately $3,170,672.19. This represents a 13.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 240,956 shares of company stock worth $43,789,542. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Trading Down 1.1%

Shares of ICE opened at $157.51 on Friday. The stock has a market capitalization of $90.16 billion, a P/E ratio of 30.23, a PEG ratio of 1.94 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $174.01 and a two-hundred day simple moving average of $174.13. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.77 by $0.04. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the company posted $1.52 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ICE. Piper Sandler upped their price objective on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Morgan Stanley cut their price objective on shares of Intercontinental Exchange from $192.00 to $188.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. upped their price objective on shares of Intercontinental Exchange from $195.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Barclays reissued an “overweight” rating and set a $201.00 price target (down previously from $212.00) on shares of Intercontinental Exchange in a research report on Wednesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $197.10.

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.