Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT grew its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 57.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,425 shares of the financial services provider’s stock after purchasing an additional 1,615 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Intercontinental Exchange were worth $606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Annapolis Financial Services LLC increased its position in 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 worth $25,000 after buying an additional 163 shares during the period. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in Intercontinental Exchange in the 2nd quarter valued at about $25,000. Redmont Wealth Advisors LLC acquired a new position in Intercontinental Exchange during the 1st quarter valued at about $26,000. Finally, Scarborough Advisors LLC bought a new position in Intercontinental Exchange in the 4th quarter worth about $25,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the sale, the chief financial officer now owns 16,576 shares in the company, valued at approximately $2,675,863.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Warren Gardiner sold 750 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $161.43, for a total value of $121,072.50. Following the transaction, the chief financial officer now directly owns 16,576 shares of the company’s stock, valued at $2,675,863.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 58,389 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $141.68, for a total transaction of $8,272,553.52. Following the completion of the sale, the chief executive officer now owns 1,179,993 shares of the company’s stock, valued at approximately $167,181,408.24. The disclosure for this sale can be found here. Insiders sold 67,096 shares of company stock worth $9,593,983 in the last quarter. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Down 1.5 %

ICE stock opened at $158.87 on Friday. The firm has a market cap of $91.13 billion, a PE ratio of 36.44, a P/E/G ratio of 2.81 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $163.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $155.59 and a 200 day simple moving average of $142.60.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The company had revenue of $2.32 billion during 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%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. Deutsche Bank Aktiengesellschaft increased their price target on Intercontinental Exchange from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Citigroup lifted their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Intercontinental Exchange from $151.00 to $171.00 and gave the company an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.08.

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.