Vaughan David Investments LLC IL Boosts Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Vaughan David Investments LLC IL raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 287,980 shares of the financial services provider’s stock after buying an additional 5,337 shares during the period. Vaughan David Investments LLC IL owned about 0.05% of Intercontinental Exchange worth $39,422,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Intercontinental Exchange by 35.0% during the fourth 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 buying an additional 4,251,371 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Intercontinental Exchange by 8.5% during the fourth quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock worth $3,253,000 after purchasing an additional 1,991 shares during the period. Point72 Europe London LLP boosted its holdings in shares of Intercontinental Exchange by 10.9% during the fourth quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock worth $8,515,000 after purchasing an additional 6,500 shares during the period. Perpetual Ltd boosted its holdings 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 purchasing an additional 6,272 shares during the period. Finally, Assenagon Asset Management S.A. boosted 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 worth $18,764,000 after purchasing an additional 122,169 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ICE. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, September 6th. The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $143.00 to $167.00 in a report on Monday, July 1st. Citigroup raised their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Argus restated a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $154.93.

Insiders Place Their Bets

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 1,941 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $160.69, for a total value of $311,899.29. Following the completion of the sale, the director now owns 26,908 shares of the company’s stock, valued at approximately $4,323,846.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO James W. Namkung sold 1,171 shares of Intercontinental Exchange stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares in the company, valued at approximately $2,666,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Judith A. Sprieser sold 1,941 shares of Intercontinental Exchange stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $160.69, for a total transaction of $311,899.29. Following the transaction, the director now owns 26,908 shares in the company, valued at approximately $4,323,846.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,346 shares of company stock valued at $9,472,911. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE opened at $161.96 on Wednesday. The company has a market capitalization of $92.90 billion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 2.82 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $153.01 and a 200 day moving average of $141.55. Intercontinental Exchange, Inc. has a twelve month low of $104.49 and a twelve month high of $163.71.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The firm’s revenue was up 22.7% on a year-over-year basis. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal 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.