IHT Wealth Management LLC raised its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 10.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185 shares of the financial services provider’s stock after buying an additional 18 shares during the quarter. IHT Wealth Management LLC’s holdings in Intercontinental Exchange were worth $101,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. lifted its stake in Intercontinental Exchange by 2.2% in the second quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock valued at $100,000 after buying an additional 32 shares during the period. Norway Savings Bank lifted its stake in Intercontinental Exchange by 16.7% in the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock valued at $108,000 after buying an additional 235 shares during the period. Bessemer Group Inc. lifted its stake in Intercontinental Exchange by 186.5% in the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,240 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in Intercontinental Exchange in the second quarter valued at about $128,000. Finally, Guardian Life Insurance Co. of America increased its holdings in shares of Intercontinental Exchange by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 16 shares in the last quarter. 89.75% of the stock is currently owned by hedge funds and other institutional investors.
Intercontinental Exchange Inc. (NYSE ICE) traded down 0.322% on Friday, hitting $69.685. The company had a trading volume of 166,793 shares. Intercontinental Exchange Inc. has a one year low of $52.27 and a one year high of $71.24. The stock’s 50-day moving average price is $67.03 and its 200 day moving average price is $63.87. The company has a market capitalization of $8.02 billion, a P/E ratio of 25.819 and a beta of 0.74.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts expect that Intercontinental Exchange Inc. will post $2.95 EPS for the current fiscal year.
ICE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $73.00 price target on shares of Intercontinental Exchange in a report on Sunday, October 8th. Jefferies Group LLC restated a “buy” rating and issued a $73.00 price target on shares of Intercontinental Exchange in a report on Wednesday, August 23rd. Royal Bank Of Canada restated a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, August 15th. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Thursday, July 13th. Finally, BidaskClub downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $70.78.
In related news, CFO Scott A. Hill sold 37,630 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $70.03, for a total transaction of $2,635,228.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles A. Vice sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $69.76, for a total value of $872,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 155,550 shares of company stock worth $10,394,455. 1.50% of the stock is owned by company insiders.
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About Intercontinental Exchange
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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