Intercontinental Exchange Inc. $ICE Holdings Lifted by Ticino Wealth

Ticino Wealth boosted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 300.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,998 shares of the financial services provider’s stock after buying an additional 6,749 shares during the period. Ticino Wealth’s holdings in Intercontinental Exchange were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. ICONIQ Capital LLC grew its stake in Intercontinental Exchange by 2.2% during the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after acquiring an additional 56 shares in the last quarter. Mission Wealth Management LP increased its holdings in shares of Intercontinental Exchange by 2.4% in the 4th quarter. Mission Wealth Management LP now owns 2,611 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 62 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Intercontinental Exchange by 1.5% in the fourth quarter. Evergreen Capital Management LLC now owns 4,207 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 63 shares in the last quarter. Sather Financial Group Inc lifted its position in shares of Intercontinental Exchange by 4.7% in the fourth quarter. Sather Financial Group Inc now owns 1,440 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 64 shares in the last quarter. Finally, Johnson Financial Group LLC boosted its holdings in shares of Intercontinental Exchange by 4.0% during the fourth quarter. Johnson Financial Group LLC now owns 1,710 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 65 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ICE. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $178.00 price objective on shares of Intercontinental Exchange in a research report on Friday, July 31st. Raymond James Financial set a $208.00 target price on shares of Intercontinental Exchange in a research note on Monday, July 6th. Wall Street Zen cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Piper Sandler dropped their price target on shares of Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Finally, TD Cowen reiterated a “buy” rating and set a $177.00 price objective (up from $159.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $183.33.

Insider Activity at Intercontinental Exchange

In other news, CFO Warren Gardiner sold 2,490 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total transaction of $390,033.60. Following the transaction, the chief financial officer owned 25,189 shares in the company, valued at approximately $3,945,604.96. This trade represents a 9.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Jefferson Hague sold 1,333 shares of Intercontinental Exchange stock in a transaction on Friday, June 12th. The shares were sold at an average price of $139.46, for a total transaction of $185,900.18. Following the completion of the sale, the director directly owned 20,132 shares of the company’s stock, valued at approximately $2,807,608.72. The trade was a 6.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,454 shares of company stock worth $2,469,349 over the last quarter. 0.84% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Trading Up 0.1%

Shares of NYSE ICE opened at $151.33 on Thursday. The business has a 50 day simple moving average of $140.05 and a 200 day simple moving average of $152.37. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $183.65. The stock has a market cap of $84.96 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.49 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.06. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 earnings per share. On average, research analysts predict that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current fiscal year.

Intercontinental Exchange Company Profile

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.