Mutual Advisors LLC Sells 806 Shares of Intercontinental Exchange Inc. $ICE

Mutual Advisors LLC lessened its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 15.0% during the second quarter, Holdings Channel reports. The firm owned 4,577 shares of the financial services provider’s stock after selling 806 shares during the period. Mutual Advisors LLC’s holdings in Intercontinental Exchange were worth $844,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ICE. Tsfg LLC increased its position in shares of Intercontinental Exchange by 187.3% during the first quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 103 shares during the last quarter. Activest Wealth Management increased its position in shares of Intercontinental Exchange by 4,050.0% during the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 162 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Intercontinental Exchange during the first quarter valued at approximately $30,000. Hilltop National Bank purchased a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $31,000. Finally, Accredited Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the first quarter valued at approximately $33,000. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. Barclays reaffirmed an “overweight” rating and set a $201.00 price target (down from $212.00) on shares of Intercontinental Exchange in a research report on Wednesday, October 8th. UBS Group raised their target price on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on Intercontinental Exchange from $195.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Finally, Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.60.

Insider Buying and Selling

In other news, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $183.09, for a total value of $27,463,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,951,705 shares in the company, valued at approximately $357,337,668.45. The trade was a 7.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mayur Kapani sold 10,082 shares of Intercontinental Exchange stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $158.88, for a total value of $1,601,828.16. Following the completion of the transaction, the chief technology officer owned 65,240 shares of the company’s stock, valued at approximately $10,365,331.20. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 240,956 shares of company stock valued at $43,789,542 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $153.52 on Friday. 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 business has a fifty day simple moving average of $170.86 and a two-hundred day simple moving average of $173.54. Intercontinental Exchange Inc. has a 1 year low of $142.29 and a 1 year high of $189.35. The company has a market capitalization of $87.88 billion, a P/E ratio of 29.47, a P/E/G ratio of 2.14 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last announced 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. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. On average, analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

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.