Diversified Trust Co Increases Position in Intercontinental Exchange Inc (NYSE:ICE)

Diversified Trust Co raised its position in Intercontinental Exchange Inc (NYSE:ICE) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,714 shares of the financial services provider’s stock after purchasing an additional 786 shares during the quarter. Diversified Trust Co’s holdings in Intercontinental Exchange were worth $2,834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Next Capital Management LLC acquired a new position in shares of Intercontinental Exchange in the second quarter worth $26,000. Carroll Financial Associates Inc. grew its stake in shares of Intercontinental Exchange by 51.3% during the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 122 shares in the last quarter. Arlington Partners LLC acquired a new position in shares of Intercontinental Exchange during the second quarter worth $34,000. Sandy Spring Bank grew its stake in shares of Intercontinental Exchange by 41.8% during the second quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 119 shares in the last quarter. Finally, Capital Advisors Ltd. LLC acquired a new position in shares of Intercontinental Exchange during the second quarter worth $42,000. 89.74% of the stock is currently owned by institutional investors.

In other news, insider David S. Goone sold 7,689 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $92.00, for a total value of $707,388.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Charles A. Vice sold 15,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $89.76, for a total transaction of $1,346,400.00. Following the completion of the sale, the insider now directly owns 408,153 shares of the company’s stock, valued at $36,635,813.28. The disclosure for this sale can be found here. Insiders sold 140,115 shares of company stock valued at $12,980,660 in the last 90 days. 1.50% of the stock is currently owned by insiders.

NYSE ICE traded up $0.98 during trading hours on Wednesday, hitting $93.92. The company had a trading volume of 5,115 shares, compared to its average volume of 2,438,299. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange Inc has a 1-year low of $69.69 and a 1-year high of $95.55. The company has a market cap of $52.68 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 3.09 and a beta of 0.50. The business has a 50 day moving average of $92.71 and a 200-day moving average of $86.15.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts expect that Intercontinental Exchange Inc will post 3.77 earnings per share for the current fiscal year.

A number of equities analysts recently commented on ICE shares. FIX started coverage on shares of Intercontinental Exchange in a research note on Monday, September 16th. They set an “outperform” rating and a $100.00 target price for the company. Oppenheimer started coverage on shares of Intercontinental Exchange in a research note on Monday, September 16th. They set an “outperform” rating and a $100.00 target price for the company. ValuEngine downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co boosted their target price on shares of Intercontinental Exchange from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Intercontinental Exchange from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $91.88.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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

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