Ieq Capital LLC Invests $1.03 Million in Intercontinental Exchange Inc. $ICE

Ieq Capital LLC acquired a new stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 8,360 shares of the financial services provider’s stock, valued at approximately $1,029,000.

A number of other large investors have also added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Brooklands Fund Management Ltd purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $28,000. Swiss RE Ltd. acquired a new stake in shares of Intercontinental Exchange in the 4th quarter worth $28,000. Lloyd Advisory Services LLC. purchased a new position in Intercontinental Exchange during the 4th quarter worth $30,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Intercontinental Exchange during the 4th quarter valued at about $37,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the subject of several recent analyst reports. Weiss Ratings downgraded Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group restated a “buy” rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. The Goldman Sachs Group decreased their price objective on shares of Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Barclays reissued an “overweight” rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $183.33.

Intercontinental Exchange Stock Up 0.1%

Shares of ICE stock opened at $162.01 on Thursday. The stock’s 50-day simple moving average is $143.78 and its 200-day simple moving average is $151.48. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $90.95 billion, a PE ratio of 22.88, a P/E/G ratio of 1.57 and a beta of 0.92. Intercontinental Exchange Inc. has a fifty-two week low of $121.79 and a fifty-two week high of $179.20.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 earnings per share. Equities analysts expect that Intercontinental Exchange Inc. will post 8.1 earnings per share for the current year.

Insider Buying and Selling at Intercontinental Exchange

In other news, CFO Warren Gardiner sold 2,491 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $156.30, for a total value of $389,343.30. Following the sale, the chief financial officer directly owned 22,698 shares of the company’s stock, valued at $3,547,697.40. This represents a 9.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas Foley sold 1,600 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $160.00, for a total transaction of $256,000.00. Following the completion of the sale, the senior vice president owned 17,463 shares in the company, valued at $2,794,080. The trade was a 8.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 17,227 shares of company stock valued at $2,598,301. 0.84% of the stock is currently owned by insiders.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.