Capital Advisors Ltd. LLC Buys 89 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Capital Advisors Ltd. LLC boosted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.6% in the 1st quarter, Holdings Channel reports. The firm owned 3,462 shares of the financial services provider’s stock after acquiring an additional 89 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Intercontinental Exchange were worth $476,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ICE. Vanguard Group Inc. boosted its position in shares of Intercontinental Exchange by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider’s stock valued at $5,162,041,000 after acquiring an additional 1,012,034 shares during the last quarter. Wellington Management Group LLP increased its stake in 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 worth $2,105,994,000 after purchasing an additional 4,251,371 shares during the period. Capital World Investors increased its stake in Intercontinental Exchange by 35.6% in the 4th quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock worth $1,238,559,000 after purchasing an additional 2,530,119 shares during the period. Parnassus Investments LLC increased its stake in Intercontinental Exchange by 23.8% in the 4th quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock worth $1,082,646,000 after purchasing an additional 1,621,737 shares during the period. Finally, Norges Bank purchased a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $839,259,000. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Bank of America dropped their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Argus reissued a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a report on Tuesday, May 21st. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $143.00 to $167.00 in a report on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $164.00 target price on shares of Intercontinental Exchange in a report on Friday, May 3rd. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.29.

Intercontinental Exchange Stock Up 2.8 %

Intercontinental Exchange stock opened at $140.82 on Wednesday. The stock has a market cap of $80.77 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $140.98. The stock has a fifty day moving average of $134.62 and a 200 day moving average of $133.00.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting analysts’ consensus estimates of $1.48. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. Intercontinental Exchange’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 earnings per share. As a group, sell-side analysts predict that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

Insiders Place Their Bets

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the sale, the general counsel now owns 48,713 shares in the company, valued at $6,417,450.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the transaction, the general counsel now owns 46,815 shares of the company’s stock, valued at $6,397,737.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the transaction, the general counsel now directly owns 48,713 shares of the company’s stock, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Insiders sold a total of 4,506 shares of company stock worth $609,374 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company 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.