Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by First Western Trust Bank

First Western Trust Bank lessened its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 13.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 27,645 shares of the financial services provider’s stock after selling 4,145 shares during the period. First Western Trust Bank’s holdings in Intercontinental Exchange were worth $3,784,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Intercontinental Exchange by 35.0% in the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after purchasing an additional 4,251,371 shares during the last quarter. D.A. Davidson & CO. increased its stake in Intercontinental Exchange by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock valued at $3,253,000 after purchasing an additional 1,991 shares in the last quarter. Point72 Europe London LLP raised its holdings in shares of Intercontinental Exchange by 10.9% in the fourth quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock worth $8,515,000 after buying an additional 6,500 shares during the last quarter. Perpetual Ltd lifted its stake in shares of Intercontinental Exchange by 0.4% during the first quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock worth $204,495,000 after buying an additional 6,272 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Intercontinental Exchange by 819.7% during the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock valued at $18,764,000 after buying an additional 122,169 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.1 %

ICE stock opened at $162.60 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $162.92. The company’s 50-day simple moving average is $151.62 and its 200-day simple moving average is $140.99. The firm has a market cap of $93.26 billion, a P/E ratio of 37.29, a PEG ratio of 2.84 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results 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 company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. Intercontinental Exchange’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. As a group, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.04 EPS for the current fiscal year.

Analysts Set New Price Targets

ICE has been the subject of a number of research reports. Barclays lifted their price target on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Argus reiterated a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their price target for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Finally, StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target of $154.93.

Insider Activity at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 395 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $141.13, for a total transaction of $55,746.35. Following the completion of the sale, the chief technology officer now owns 64,471 shares of the company’s stock, valued at $9,098,792.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Mayur Kapani sold 395 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $141.13, for a total value of $55,746.35. Following the sale, the chief technology officer now directly owns 64,471 shares of the company’s stock, valued at $9,098,792.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 1,941 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $160.69, for a total value of $311,899.29. Following the sale, the director now owns 26,908 shares of the company’s stock, valued at $4,323,846.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,346 shares of company stock valued at $9,472,911. 1.10% of the stock is owned by company 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.