Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 67.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,376 shares of the financial services provider’s stock after acquiring an additional 1,767 shares during the period. Premier Path Wealth Partners LLC’s holdings in Intercontinental Exchange were worth $599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Intercontinental Exchange by 35.0% during the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after purchasing an additional 4,251,371 shares during the period. D.A. Davidson & CO. grew its position in shares of Intercontinental Exchange by 8.5% during the fourth quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock worth $3,253,000 after acquiring an additional 1,991 shares during the last quarter. Point72 Europe London LLP increased its holdings in shares of Intercontinental Exchange by 10.9% in the 4th quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock worth $8,515,000 after acquiring an additional 6,500 shares during the period. Perpetual Ltd lifted its position in Intercontinental Exchange by 0.4% in the 1st quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock valued at $204,495,000 after purchasing an additional 6,272 shares during the last quarter. Finally, LGT Group Foundation boosted its stake in Intercontinental Exchange by 36.0% during the 4th quarter. LGT Group Foundation now owns 355,555 shares of the financial services provider’s stock valued at $45,724,000 after purchasing an additional 94,039 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

NYSE:ICE traded up $1.41 during trading hours on Friday, reaching $160.01. 2,665,237 shares of the company’s stock were exchanged, compared to its average volume of 2,468,567. The company has a market capitalization of $91.78 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $160.25. The business’s 50-day simple moving average is $147.29 and its two-hundred day simple moving average is $139.28. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.69.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 22.7% on a year-over-year basis. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ICE has been the topic of several analyst reports. Argus restated a “buy” rating and issued a $153.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Citigroup increased their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price objective on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $154.93.

Insiders Place Their Bets

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total value of $8,272,553.52. Following the completion of the transaction, the chief executive officer now directly owns 1,179,993 shares in the company, valued at $167,181,408.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,389 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the sale, the chief executive officer now directly owns 1,179,993 shares of the company’s stock, valued at approximately $167,181,408.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the sale, the director now owns 28,849 shares of the company’s stock, valued at approximately $3,882,209.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,992 shares of company stock worth $9,197,801. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Company 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.