Natural Investments LLC Buys 1,747 Shares of Intercontinental Exchange Inc. $ICE

Key Points

• Natural Investments LLC increased its stake in Intercontinental Exchange by 12.6%, acquiring an additional 1,747 shares, bringing its total holdings to 15,662 shares valued at approximately $2.87 million.
• Intercontinental Exchange reported $1.81 EPS for the last quarter, exceeding analyst expectations, with a revenue of $3.26 billion compared to a forecast of $2.50 billion.
• Investment analysts have a consensus rating of "Moderate Buy" for Intercontinental Exchange, with a target price averaging around $197.10.

Natural Investments LLC boosted its stake in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 12.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,662 shares of the financial services provider's stock after purchasing an additional 1,747 shares during the period. Natural Investments LLC's holdings in Intercontinental Exchange were worth $2,873,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Advisors Capital Management LLC grew its position in shares of Intercontinental Exchange by 25.0% during the 1st quarter. Advisors Capital Management LLC now owns 1,978 shares of the financial services provider's stock valued at $341,000 after acquiring an additional 396 shares during the period. Capital Investment Advisory Services LLC bought a new stake in shares of Intercontinental Exchange during the 1st quarter valued at $349,000. Sequoia Financial Advisors LLC grew its position in shares of Intercontinental Exchange by 18.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 12,168 shares of the financial services provider's stock valued at $2,099,000 after acquiring an additional 1,879 shares during the period. Ritholtz Wealth Management grew its position in shares of Intercontinental Exchange by 52.3% during the 1st quarter. Ritholtz Wealth Management now owns 7,953 shares of the financial services provider's stock valued at $1,372,000 after acquiring an additional 2,732 shares during the period. Finally, First American Bank grew its position in shares of Intercontinental Exchange by 2.1% during the 1st quarter. First American Bank now owns 76,332 shares of the financial services provider's stock valued at $13,167,000 after acquiring an additional 1,580 shares during the period. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Down 1.1%

Shares of ICE stock opened at $157.51 on Friday. The stock has a market cap of $90.16 billion, a P/E ratio of 30.23, a PEG ratio of 1.94 and a beta of 1.08. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $189.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The company's fifty day simple moving average is $174.01 and its two-hundred day simple moving average is $174.13.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.77 by $0.04. The business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $2.50 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. Analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a "moderate buy" rating in a research report on Monday, October 6th. UBS Group lifted their target price on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Weiss Ratings restated a "buy (b)" rating on shares of Intercontinental Exchange in a research note on Wednesday. Barclays restated an "overweight" rating and set a $201.00 target price (down previously from $212.00) on shares of Intercontinental Exchange in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Intercontinental Exchange from $195.00 to $203.00 and gave the company an "overweight" rating in a research note on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $197.10.

Insiders Place Their Bets

In other Intercontinental Exchange news, Director Duriya M. Farooqui sold 2,036 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $178.34, for a total value of $363,100.24. Following the sale, the director owned 14,299 shares in the company, valued at $2,550,083.66. The trade was a 12.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mayur Kapani sold 10,082 shares of the business's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $158.88, for a total transaction of $1,601,828.16. Following the completion of the sale, the chief technology officer owned 65,240 shares in the company, valued at approximately $10,365,331.20. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 240,956 shares of company stock worth $43,789,542. 1.00% of the stock is owned by corporate insiders.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.

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