Intercontinental Exchange Inc (NYSE:ICE) Shares Purchased by Gradient Investments LLC

Gradient Investments LLC increased its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 33.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,123 shares of the financial services provider’s stock after purchasing an additional 5,820 shares during the period. Gradient Investments LLC’s holdings in Intercontinental Exchange were worth $2,134,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ICE. United Bank grew its position in Intercontinental Exchange by 22.6% in the 1st quarter. United Bank now owns 22,134 shares of the financial services provider’s stock valued at $1,685,000 after buying an additional 4,087 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Intercontinental Exchange by 33.1% in the 1st quarter. First Trust Advisors LP now owns 672,549 shares of the financial services provider’s stock worth $51,208,000 after buying an additional 167,388 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Intercontinental Exchange by 10.2% in the 1st quarter. MML Investors Services LLC now owns 15,026 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 1,390 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Intercontinental Exchange by 2.5% in the 1st quarter. Wealthfront Advisers LLC now owns 16,681 shares of the financial services provider’s stock worth $1,270,000 after buying an additional 408 shares in the last quarter. Finally, Northeast Financial Consultants Inc purchased a new stake in shares of Intercontinental Exchange in the 1st quarter worth about $278,000. Hedge funds and other institutional investors own 89.74% of the company’s stock.

Several research analysts recently weighed in on ICE shares. Citigroup downgraded shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and boosted their target price for the company from $92.00 to $99.00 in a research note on Monday, July 22nd. Wells Fargo & Co boosted their target price on shares of Intercontinental Exchange from $90.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. FIX started coverage on shares of Intercontinental Exchange in a research note on Monday, September 16th. They issued 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Intercontinental Exchange from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $91.88.

In related news, General Counsel Andrew J. Surdykowski sold 1,100 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $93.82, for a total transaction of $103,202.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David S. Goone sold 7,689 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $92.00, for a total value of $707,388.00. The disclosure for this sale can be found here. Insiders have sold 140,115 shares of company stock worth $12,980,660 over the last three months. Corporate insiders own 1.50% of the company’s stock.

ICE stock opened at $94.60 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.40. The firm has a market cap of $52.08 billion, a P/E ratio of 26.35, a P/E/G ratio of 3.06 and a beta of 0.50. Intercontinental Exchange Inc has a 12-month low of $69.69 and a 12-month high of $95.55. The stock’s 50 day simple moving average is $92.79 and its 200 day simple moving average is $86.37.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.85%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. On average, research analysts forecast that Intercontinental Exchange Inc will post 3.78 EPS for the current fiscal year.

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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