Advisor Group Inc. Decreases Stock Holdings in Intercontinental Exchange Inc (NYSE:ICE)

Advisor Group Inc. trimmed its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 23.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,770 shares of the financial services provider’s stock after selling 6,799 shares during the period. Advisor Group Inc.’s holdings in Intercontinental Exchange were worth $1,659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ICE. Sontag Advisory LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $34,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Intercontinental Exchange by 46.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 460 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 145 shares during the last quarter. Lindbrook Capital LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $48,000. Resources Investment Advisors Inc. grew its stake in shares of Intercontinental Exchange by 111.7% during the fourth quarter. Resources Investment Advisors Inc. now owns 635 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 335 shares during the last quarter. Finally, Doyle Wealth Management bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $58,000. 88.97% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Bank of America set a $85.00 price target on shares of Intercontinental Exchange and gave the company a “buy” rating in a research note on Tuesday, April 9th. Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Wells Fargo & Co raised their price objective on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Finally, Deutsche Bank reduced their price objective on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $85.59.

ICE traded up $0.22 during mid-day trading on Monday, hitting $86.16. The stock had a trading volume of 1,579,300 shares, compared to its average volume of 2,699,636. The firm has a market cap of $48.42 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 2.78 and a beta of 0.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day simple moving average is $83.81. Intercontinental Exchange Inc has a 1-year low of $69.69 and a 1-year high of $87.26.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. Intercontinental Exchange’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. As a group, analysts forecast that Intercontinental Exchange Inc will post 3.75 earnings per share for the current year.

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,200 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $81.00, for a total value of $97,200.00. Following the completion of the sale, the general counsel now owns 41,161 shares of the company’s stock, valued at approximately $3,334,041. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott A. Hill sold 11,675 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $80.02, for a total transaction of $934,233.50. Following the completion of the sale, the chief financial officer now directly owns 173,430 shares of the company’s stock, valued at approximately $13,877,868.60. The disclosure for this sale can be found here. Insiders have sold a total of 127,941 shares of company stock valued at $10,444,270 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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