Campbell Newman Asset Management Inc. Has $658,000 Stock Position in Intercontinental Exchange Inc. $ICE

Campbell Newman Asset Management Inc. reduced its position in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 97.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,346 shares of the financial services provider's stock after selling 212,284 shares during the period. Campbell Newman Asset Management Inc.'s holdings in Intercontinental Exchange were worth $658,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Intercontinental Exchange by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 191,658 shares of the financial services provider's stock worth $31,041,000 after purchasing an additional 10,742 shares during the period. USS Investment Management Ltd grew its holdings in Intercontinental Exchange by 37.2% in the 1st quarter. USS Investment Management Ltd now owns 946,920 shares of the financial services provider's stock valued at $148,960,000 after buying an additional 256,851 shares during the last quarter. Walter Public Investments Inc. grew its holdings in Intercontinental Exchange by 13.8% in the 4th quarter. Walter Public Investments Inc. now owns 124,993 shares of the financial services provider's stock valued at $20,244,000 after buying an additional 15,129 shares during the last quarter. Vanguard Group Inc. increased its position in Intercontinental Exchange by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider's stock worth $8,770,647,000 after buying an additional 413,639 shares during the period. Finally, Nicholas Company Inc. lifted its holdings in shares of Intercontinental Exchange by 10.1% during the fourth quarter. Nicholas Company Inc. now owns 437,155 shares of the financial services provider's stock worth $70,802,000 after buying an additional 40,240 shares during the last quarter. Institutional investors own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director Sharon Bowen sold 667 shares of the firm's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $151.28, for a total transaction of $100,903.76. Following the completion of the transaction, the director owned 15,077 shares in the company, valued at $2,280,848.56. This trade represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Douglas Foley sold 7,300 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $148.88, for a total value of $1,086,824.00. Following the sale, the senior vice president directly owned 19,063 shares in the company, valued at $2,838,099.44. The trade was a 27.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 16,454 shares of company stock valued at $2,469,349. Corporate insiders own 0.84% of the company's stock.

Analysts Set New Price Targets

ICE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $178.00 price objective on shares of Intercontinental Exchange in a research report on Friday, July 31st. Piper Sandler cut their target price on shares of Intercontinental Exchange from $211.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, July 15th. UBS Group restated a "buy" rating and issued a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Morgan Stanley cut their price objective on shares of Intercontinental Exchange from $187.00 to $163.00 and set an "equal weight" rating for the company in a research report on Friday, July 10th. Finally, The Goldman Sachs Group reduced their target price on shares of Intercontinental Exchange from $208.00 to $180.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus target price of $183.33.

Intercontinental Exchange Stock Up 2.7%

Shares of ICE stock opened at $155.34 on Friday. Intercontinental Exchange Inc. has a one year low of $121.79 and a one year high of $183.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a fifty day moving average price of $140.32 and a 200 day moving average price of $152.25. The stock has a market cap of $87.21 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the firm posted $1.81 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. Analysts predict that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current year.

About Intercontinental Exchange

Intercontinental Exchange NYSE: ICE is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source