Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Whittier Trust Co.

Whittier Trust Co. reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,840 shares of the financial services provider’s stock after selling 326 shares during the period. Whittier Trust Co.’s holdings in Intercontinental Exchange were worth $799,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Annapolis Financial Services LLC boosted its holdings in shares of Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after buying an additional 163 shares during the period. New Millennium Group LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 1st quarter valued at about $26,000. Scarborough Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $25,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Intercontinental Exchange by 82.3% in the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock valued at $28,000 after buying an additional 93 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Up 0.3 %

Shares of ICE stock traded up $0.45 during trading hours on Thursday, reaching $161.22. 508,208 shares of the stock traded hands, compared to its average volume of 2,440,218. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $161.97. The business has a fifty day moving average price of $148.26 and a 200 day moving average price of $139.81. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $92.47 billion, a PE ratio of 36.87, a PEG ratio of 2.68 and a beta of 1.06.

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

Insider Activity at Intercontinental Exchange

In related news, CAO James W. Namkung sold 1,043 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $156,450.00. Following the transaction, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at $2,675,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,043 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the sale, the chief accounting officer now directly owns 17,836 shares of the company’s stock, valued at $2,675,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James W. Namkung sold 1,171 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the completion of the sale, the chief accounting officer now directly owns 16,665 shares of the company’s stock, valued at $2,666,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,405 shares of company stock valued at $9,161,011. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their target price for the company from $143.00 to $167.00 in a research note on Monday, July 1st. Barclays boosted their target price on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Citigroup boosted their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $164.00 target price on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.93.

About Intercontinental Exchange

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.