Crux Wealth Advisors boosted its stake in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 126.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,783 shares of the financial services provider's stock after purchasing an additional 6,585 shares during the quarter. Crux Wealth Advisors' holdings in Intercontinental Exchange were worth $1,451,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Demars Financial Group LLC increased its holdings in shares of Intercontinental Exchange by 36.7% in the second quarter. Demars Financial Group LLC now owns 13,222 shares of the financial services provider's stock worth $1,628,000 after purchasing an additional 3,552 shares during the last quarter. Sky Investment Group LLC grew its holdings in Intercontinental Exchange by 12.7% during the 2nd quarter. Sky Investment Group LLC now owns 5,592 shares of the financial services provider's stock valued at $688,000 after buying an additional 632 shares in the last quarter. Oak Thistle LLC bought a new stake in Intercontinental Exchange in the 2nd quarter worth approximately $2,451,000. Webster Bank N. A. raised its holdings in shares of Intercontinental Exchange by 8.6% during the 2nd quarter. Webster Bank N. A. now owns 25,318 shares of the financial services provider's stock worth $3,117,000 after acquiring an additional 1,996 shares in the last quarter. Finally, Altrafin AG boosted its position in shares of Intercontinental Exchange by 5.5% during the 2nd quarter. Altrafin AG now owns 63,098 shares of the financial services provider's stock valued at $7,768,000 after acquiring an additional 3,270 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.
Insider Buying and Selling at Intercontinental Exchange
In related news, SVP Douglas Foley sold 7,300 shares of the company's stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 19,063 shares of the company's stock, valued at $2,838,099.44. This represents a 27.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sharon Bowen sold 667 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the transaction, the director owned 15,077 shares in the company, valued at approximately $2,280,848.56. The trade was a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 16,454 shares of company stock worth $2,469,349. Insiders own 0.84% of the company's stock.
Analysts Set New Price Targets
ICE has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Intercontinental Exchange from $187.00 to $163.00 and set an "equal weight" rating on the stock in a research report on Friday, July 10th. TD Cowen reaffirmed a "buy" rating and issued a $177.00 price target (up from $159.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. The Goldman Sachs Group decreased their price objective on Intercontinental Exchange from $208.00 to $180.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Barclays reissued an "overweight" rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, Piper Sandler lowered their price target on Intercontinental Exchange from $211.00 to $190.00 and set an "overweight" rating for the company in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.33.
Read Our Latest Stock Report on Intercontinental Exchange
Intercontinental Exchange Stock Up 2.7%
Shares of NYSE ICE opened at $155.34 on Friday. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $183.13. The firm has a 50-day simple moving average of $140.32 and a two-hundred day simple moving average of $152.25. The company has a market cap of $87.21 billion, a P/E ratio of 21.94, a PEG ratio of 1.49 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.81 earnings per share. Research analysts anticipate that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current year.
About Intercontinental Exchange
(
Free Report)
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.
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