Intercontinental Exchange Inc (ICE) Holdings Trimmed by Crow Point Partners LLC

Crow Point Partners LLC reduced its stake in shares of Intercontinental Exchange Inc (NYSE:ICE) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,170 shares of the financial services provider’s stock after selling 811 shares during the period. Crow Point Partners LLC’s holdings in Intercontinental Exchange were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ICE. Oppenheimer & Co. Inc. boosted its holdings in shares of Intercontinental Exchange by 5.7% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 6,010 shares of the financial services provider’s stock valued at $396,000 after buying an additional 326 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Intercontinental Exchange by 409.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,070 shares of the financial services provider’s stock valued at $1,982,000 after buying an additional 24,170 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Intercontinental Exchange by 3.7% in the 2nd quarter. Private Advisor Group LLC now owns 14,114 shares of the financial services provider’s stock valued at $925,000 after buying an additional 499 shares during the period. Eaton Vance Management boosted its holdings in shares of Intercontinental Exchange by 1.2% in the 2nd quarter. Eaton Vance Management now owns 127,261 shares of the financial services provider’s stock valued at $8,389,000 after buying an additional 1,489 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Intercontinental Exchange by 9.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,552 shares of the financial services provider’s stock valued at $366,000 after buying an additional 501 shares during the period. 89.96% of the stock is owned by institutional investors.

In other Intercontinental Exchange news, Director Jean Marc Forneri sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $70.68, for a total transaction of $565,440.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Charles A. Vice sold 7,500 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $72.55, for a total transaction of $544,125.00. Following the sale, the insider now owns 377,471 shares in the company, valued at $27,385,521.05. The disclosure for this sale can be found here. Insiders have sold a total of 38,070 shares of company stock worth $2,684,849 over the last 90 days. 1.50% of the stock is owned by insiders.

Several research analysts have recently commented on ICE shares. Barclays lifted their price target on shares of Intercontinental Exchange from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. UBS Group boosted their target price on shares of Intercontinental Exchange from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Citigroup boosted their target price on shares of Intercontinental Exchange from $75.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Argus boosted their target price on shares of Intercontinental Exchange from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $75.40.

Intercontinental Exchange Inc (ICE) traded up $0.93 during mid-day trading on Wednesday, hitting $74.05. 2,413,600 shares of the company’s stock were exchanged, compared to its average volume of 2,843,400. Intercontinental Exchange Inc has a one year low of $55.80 and a one year high of $74.33. The company has a market cap of $43,540.00, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 2.29 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $0.64 EPS. Intercontinental Exchange’s revenue was up 6.0% on a year-over-year basis. sell-side analysts anticipate that Intercontinental Exchange Inc will post 2.95 EPS for the current year.

Intercontinental Exchange announced that its board has approved a share repurchase program on Thursday, November 2nd that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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Intercontinental Exchange Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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