Intercontinental Exchange Inc (NYSE:ICE) Shares Sold by Doliver Advisors LP

Doliver Advisors LP reduced its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,369 shares of the financial services provider’s stock after selling 370 shares during the quarter. Intercontinental Exchange makes up 0.7% of Doliver Advisors LP’s portfolio, making the stock its 18th biggest holding. Doliver Advisors LP’s holdings in Intercontinental Exchange were worth $1,807,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nuveen Asset Management LLC increased its stake in Intercontinental Exchange by 17,275.2% during the second quarter. Nuveen Asset Management LLC now owns 5,039,683 shares of the financial services provider’s stock worth $433,110,000 after acquiring an additional 5,010,678 shares during the last quarter. Veritas Asset Management LLP acquired a new stake in Intercontinental Exchange during the second quarter worth about $414,300,000. Invesco Ltd. increased its stake in Intercontinental Exchange by 143.0% during the second quarter. Invesco Ltd. now owns 6,510,255 shares of the financial services provider’s stock worth $559,491,000 after acquiring an additional 3,831,538 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Intercontinental Exchange by 3.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 39,511,852 shares of the financial services provider’s stock worth $3,395,649,000 after acquiring an additional 1,501,237 shares during the last quarter. Finally, First Manhattan Co. increased its stake in Intercontinental Exchange by 349.7% during the second quarter. First Manhattan Co. now owns 1,645,420 shares of the financial services provider’s stock worth $141,407,000 after acquiring an additional 1,279,502 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

ICE has been the subject of several research analyst reports. Compass Point set a $105.00 price target on Intercontinental Exchange and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup set a $101.00 price target on Intercontinental Exchange and gave the stock a “hold” rating in a research note on Monday, October 21st. FIX initiated coverage on Intercontinental Exchange in a research note on Monday, September 16th. They set an “outperform” rating and a $100.00 price target for the company. JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Finally, Oppenheimer initiated coverage on Intercontinental Exchange in a research note on Monday, September 16th. They set an “outperform” rating and a $100.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus target price of $95.46.

In related news, CEO Jeffrey C. Sprecher sold 40,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $92.41, for a total value of $3,696,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 1,100 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $93.82, for a total value of $103,202.00. The disclosure for this sale can be found here. Insiders sold 123,040 shares of company stock valued at $11,459,809 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Shares of NYSE ICE opened at $90.47 on Friday. Intercontinental Exchange Inc has a 1-year low of $69.69 and a 1-year high of $95.56. The business has a 50-day moving average of $92.85 and a 200-day moving average of $88.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $49.79 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.77 and a beta of 0.49.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.11. Intercontinental Exchange had a return on equity of 12.79% and a net margin of 31.97%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. Research analysts expect that Intercontinental Exchange Inc will post 3.9 EPS for the current fiscal year.

Intercontinental Exchange 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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