Forte Capital LLC ADV bought a new position in Intercontinental Exchange Inc (NYSE:ICE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,238 shares of the financial services provider’s stock, valued at approximately $1,825,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Carroll Financial Associates Inc. boosted its holdings in shares of Intercontinental Exchange by 51.3% in the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock worth $30,000 after buying an additional 122 shares during the period. Arlington Partners LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $34,000. Pittenger & Anderson Inc. purchased a new stake in shares of Intercontinental Exchange in the first quarter worth approximately $44,000. SevenBridge Financial Group LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter worth approximately $46,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Intercontinental Exchange in the first quarter worth approximately $69,000. Institutional investors own 89.41% of the company’s stock.
In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 53,166 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $81.26, for a total transaction of $4,320,269.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Scott A. Hill sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $85.00, for a total value of $637,500.00. Following the transaction, the chief financial officer now owns 158,502 shares in the company, valued at approximately $13,472,670. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 179,966 shares of company stock worth $15,414,996. Insiders own 1.50% of the company’s stock.
Shares of ICE opened at $90.50 on Friday. The firm has a market cap of $51.56 billion, a PE ratio of 25.21, a PEG ratio of 2.98 and a beta of 0.50. The firm’s 50 day moving average price is $89.80 and its 200 day moving average price is $81.71. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange Inc has a twelve month low of $69.69 and a twelve month high of $93.40.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.02. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. On average, sell-side analysts anticipate that Intercontinental Exchange Inc will post 3.78 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on ICE shares. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Citigroup lowered shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and increased their price target for the stock from $92.00 to $99.00 in a research report on Monday, July 22nd. Finally, Raymond James increased their price target on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $88.21.
About Intercontinental Exchange
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, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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