Intercontinental Exchange Inc. $ICE Shares Bought by First National Advisers LLC

First National Advisers LLC lifted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 4.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,453 shares of the financial services provider’s stock after purchasing an additional 476 shares during the quarter. First National Advisers LLC’s holdings in Intercontinental Exchange were worth $1,918,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. New York State Common Retirement Fund raised its stake in shares of Intercontinental Exchange by 8.3% in the second quarter. New York State Common Retirement Fund now owns 733,753 shares of the financial services provider’s stock valued at $134,622,000 after acquiring an additional 56,500 shares in the last quarter. West Family Investments Inc. increased its holdings in Intercontinental Exchange by 24.8% during the 2nd quarter. West Family Investments Inc. now owns 2,157 shares of the financial services provider’s stock worth $396,000 after purchasing an additional 428 shares during the period. Williamson Legacy Group LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter valued at about $269,000. Schroder Investment Management Group boosted its stake in shares of Intercontinental Exchange by 7.5% in the 2nd quarter. Schroder Investment Management Group now owns 939,079 shares of the financial services provider’s stock valued at $172,293,000 after buying an additional 65,465 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Intercontinental Exchange by 19.6% during the second quarter. Mackenzie Financial Corp now owns 412,029 shares of the financial services provider’s stock worth $75,595,000 after buying an additional 67,615 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.8%

NYSE ICE opened at $157.51 on Friday. The firm’s fifty day moving average price is $156.50 and its 200 day moving average price is $171.33. Intercontinental Exchange Inc. has a 12 month low of $142.29 and a 12 month high of $189.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $89.81 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.71. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. Intercontinental Exchange’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ICE shares. Wall Street Zen cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. TD Cowen reduced their price objective on shares of Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $194.70.

Insider Activity

In other news, SVP Douglas Foley sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $175.62, for a total transaction of $280,992.00. Following the transaction, the senior vice president directly owned 25,796 shares in the company, valued at approximately $4,530,293.52. This trade represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Judith A. Sprieser sold 2,900 shares of Intercontinental Exchange stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the transaction, the director directly owned 18,169 shares in the company, valued at $3,170,672.19. The trade was a 13.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 170,944 shares of company stock worth $26,338,174 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

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.