Atomi Financial Group Inc. Has $495,000 Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Atomi Financial Group Inc. lifted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 59.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,619 shares of the financial services provider’s stock after buying an additional 1,347 shares during the quarter. Atomi Financial Group Inc.’s holdings in Intercontinental Exchange were worth $495,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Annapolis Financial Services LLC boosted its holdings in shares of Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after buying an additional 163 shares during the period. New Millennium Group LLC bought a new stake in shares of Intercontinental Exchange in the second quarter worth $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Intercontinental Exchange in the first quarter worth $26,000. Scarborough Advisors LLC bought a new stake in shares of Intercontinental Exchange in the fourth quarter worth $25,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 82.3% in the first quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the sale, the insider now directly owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Martha A. Tirinnanzi sold 509 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $158.98, for a total value of $80,920.82. Following the sale, the director now directly owns 3,958 shares of the company’s stock, valued at $629,242.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 1,000 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the sale, the insider now directly owns 14,636 shares in the company, valued at $2,174,909.60. The disclosure for this sale can be found here. Insiders have sold 64,405 shares of company stock valued at $9,161,011 in the last three months. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ICE shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their price target for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Barclays upped their price target on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $154.93.

Intercontinental Exchange Stock Up 0.2 %

NYSE ICE traded up $0.29 during mid-day trading on Tuesday, hitting $160.60. The company’s stock had a trading volume of 1,344,698 shares, compared to its average volume of 2,452,525. The company’s 50 day simple moving average is $147.77 and its 200 day simple moving average is $139.63. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $161.49. The company has a current ratio of 0.99, a quick ratio of 1.01 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $92.12 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 2.68 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. Analysts anticipate that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

Intercontinental Exchange Profile

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.