Chilton Capital Management LLC Makes New $86,000 Investment in Intercontinental Exchange Inc. $ICE

Chilton Capital Management LLC bought a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 470 shares of the financial services provider’s stock, valued at approximately $86,000.

Other institutional investors also recently modified their holdings of the company. Tsfg LLC grew its stake 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. Princeton Global Asset Management LLC purchased a new position in Intercontinental Exchange during the second quarter valued at $28,000. Activest Wealth Management boosted its holdings in Intercontinental Exchange by 4,050.0% in the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 162 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Intercontinental Exchange in the first quarter worth $30,000. Finally, Hilltop National Bank purchased a new stake in shares of Intercontinental Exchange in the second quarter worth $31,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Up 0.2%

Shares of Intercontinental Exchange stock opened at $157.71 on Monday. The company has a market cap of $90.28 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 2.20 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 company’s 50 day moving average is $168.26 and its 200 day moving average is $173.68. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $189.35.

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

Analyst Ratings Changes

ICE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Piper Sandler upped their target price on shares of Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a report on Saturday. UBS Group boosted their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Raymond James Financial upgraded Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 target price on the stock in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.60.

Insiders Place Their Bets

In related news, CTO Mayur Kapani sold 10,082 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $158.88, for a total transaction of $1,601,828.16. Following the completion of the sale, the chief technology officer directly owned 65,240 shares in the company, valued at approximately $10,365,331.20. The trade was a 13.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Duriya M. Farooqui sold 2,036 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $178.34, for a total transaction of $363,100.24. Following the completion of the transaction, the director owned 14,299 shares in the company, valued at $2,550,083.66. The trade was a 12.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 240,162 shares of company stock valued at $43,642,652. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Company 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.