TD Private Client Wealth LLC trimmed its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 8.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,788 shares of the financial services provider's stock after selling 1,576 shares during the quarter. TD Private Client Wealth LLC's holdings in Intercontinental Exchange were worth $3,264,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. RB Capital Management LLC lifted its position in Intercontinental Exchange by 1.3% during the 2nd quarter. RB Capital Management LLC now owns 4,584 shares of the financial services provider's stock worth $841,000 after acquiring an additional 59 shares during the last quarter. Chemistry Wealth Management LLC raised its stake in shares of Intercontinental Exchange by 0.8% in the second quarter. Chemistry Wealth Management LLC now owns 7,847 shares of the financial services provider's stock valued at $1,440,000 after purchasing an additional 60 shares in the last quarter. Fielder Capital Group LLC lifted its holdings in shares of Intercontinental Exchange by 2.2% during the 1st quarter. Fielder Capital Group LLC now owns 2,808 shares of the financial services provider's stock worth $484,000 after acquiring an additional 61 shares during the period. E Fund Management Co. Ltd. boosted its position in shares of Intercontinental Exchange by 4.2% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,500 shares of the financial services provider's stock valued at $259,000 after acquiring an additional 61 shares in the last quarter. Finally, Berkeley Capital Partners LLC raised its position in Intercontinental Exchange by 1.1% in the first quarter. Berkeley Capital Partners LLC now owns 5,639 shares of the financial services provider's stock worth $973,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.
Insider Buying and Selling
In related news, General Counsel Andrew J. Surdykowski sold 3,850 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $178.33, for a total transaction of $686,570.50. Following the transaction, the general counsel owned 46,293 shares of the company's stock, valued at $8,255,430.69. This trade represents a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Douglas Foley sold 1,600 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $175.62, for a total transaction of $280,992.00. Following the completion of the sale, the senior vice president directly owned 25,796 shares of the company's stock, valued at $4,530,293.52. The trade was a 5.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 231,669 shares of company stock worth $42,333,438 over the last quarter. Insiders own 1.00% of the company's stock.
Intercontinental Exchange Trading Down 0.1%
Shares of NYSE ICE opened at $167.94 on Thursday. The company's 50 day simple moving average is $178.86 and its 200 day simple moving average is $174.91. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $189.35. The firm has a market capitalization of $96.13 billion, a P/E ratio of 32.23, a P/E/G ratio of 2.00 and a beta of 1.10.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share (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 analyst estimates of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The firm's revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. On average, analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Barclays upped their price target on Intercontinental Exchange from $206.00 to $212.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Piper Sandler increased their price target on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, UBS Group lifted their price objective on Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average target price of $194.92.
Check Out Our Latest Analysis on Intercontinental Exchange
About Intercontinental Exchange
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Intercontinental Exchange, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intercontinental Exchange wasn't on the list.
While Intercontinental Exchange currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
