Oakbrook Investments LLC lowered its stake in shares of Intercontinental Exchange Inc (NYSE:ICE) by 11.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,005 shares of the financial services provider’s stock after selling 4,210 shares during the quarter. Oakbrook Investments LLC’s holdings in Intercontinental Exchange were worth $2,399,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in ICE. IHT Wealth Management LLC raised its position in shares of Intercontinental Exchange by 10.8% during the second quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock valued at $101,000 after buying an additional 18 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in shares of Intercontinental Exchange in the third quarter valued at $145,000. Savant Capital LLC purchased a new position in shares of Intercontinental Exchange in the third quarter valued at $206,000. Geneva Partners LLC purchased a new position in shares of Intercontinental Exchange in the third quarter valued at $206,000. Finally, HighPoint Advisor Group LLC purchased a new position in shares of Intercontinental Exchange in the third quarter valued at $214,000. Hedge funds and other institutional investors own 90.08% of the company’s stock.
In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 7,500 shares of Intercontinental Exchange stock in a transaction on Friday, December 1st. The shares were sold at an average price of $71.93, for a total transaction of $539,475.00. Following the completion of the transaction, the insider now directly owns 377,471 shares of the company’s stock, valued at $27,151,489.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles A. Vice sold 12,500 shares of Intercontinental Exchange stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $68.52, for a total transaction of $856,500.00. Following the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at $26,206,912.92. The disclosure for this sale can be found here. Insiders have sold 60,368 shares of company stock valued at $4,357,199 over the last ninety days. 1.50% of the stock is owned by insiders.
Intercontinental Exchange Inc (NYSE ICE) opened at $75.27 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $44,030.00, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 2.61 and a beta of 0.70. Intercontinental Exchange Inc has a one year low of $56.69 and a one year high of $75.59.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. Intercontinental Exchange’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. equities analysts anticipate that Intercontinental Exchange Inc will post 2.94 EPS for the current fiscal year.
Intercontinental Exchange announced that its board has authorized a stock repurchase program on Thursday, November 2nd that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the financial services provider to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
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.
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