Executive Wealth Management LLC boosted its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,700 shares of the financial services provider’s stock after buying an additional 479 shares during the period. Executive Wealth Management LLC’s holdings in Intercontinental Exchange were worth $570,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Spears Abacus Advisors LLC boosted its stake in Intercontinental Exchange by 265.1% during the second quarter. Spears Abacus Advisors LLC now owns 212,493 shares of the financial services provider’s stock valued at $19,464,000 after buying an additional 154,287 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in Intercontinental Exchange by 727.3% during the third quarter. Winslow Evans & Crocker Inc. now owns 455 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 400 shares during the period. Jackson Wealth Management LLC raised its position in Intercontinental Exchange by 7.0% during the second quarter. Jackson Wealth Management LLC now owns 26,070 shares of the financial services provider’s stock valued at $2,388,000 after purchasing an additional 1,707 shares during the period. Pinnacle Financial Partners Inc. raised its position in Intercontinental Exchange by 46.9% during the second quarter. Pinnacle Financial Partners Inc. now owns 3,945 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 1,260 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Intercontinental Exchange by 89.3% during the second quarter. Janney Montgomery Scott LLC now owns 30,935 shares of the financial services provider’s stock valued at $2,834,000 after purchasing an additional 14,594 shares during the period. 87.13% of the stock is owned by institutional investors.
ICE has been the topic of several recent analyst reports. Wells Fargo & Company reiterated a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, September 15th. Citigroup increased their price target on Intercontinental Exchange from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating and set a $105.00 price target on the stock. in a report on Tuesday, August 11th. Goldman Sachs Group initiated coverage on Intercontinental Exchange in a report on Monday, October 19th. They issued a “buy” rating and a $123.00 price target on the stock. Finally, Oppenheimer downgraded Intercontinental Exchange from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $109.77.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.03. Intercontinental Exchange had a return on equity of 14.18% and a net margin of 29.01%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts anticipate that Intercontinental Exchange Inc will post 4.41 earnings per share for the current year.
In other Intercontinental Exchange news, President Benjamin Jackson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $100.00, for a total value of $100,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Scott A. Hill sold 39,800 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $105.36, for a total value of $4,193,328.00. Following the sale, the chief financial officer now directly owns 185,792 shares in the company, valued at approximately $19,575,045.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,032 shares of company stock worth $9,688,097. 1.50% of the stock is currently owned by insiders.
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, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.
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