Nicholas Hoffman & Company LLC. Grows Holdings in Intercontinental Exchange Inc (NYSE:ICE)

Nicholas Hoffman & Company LLC. increased its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,154 shares of the financial services provider’s stock after buying an additional 563 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Intercontinental Exchange were worth $497,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CI Investments Inc. increased its stake in Intercontinental Exchange by 9.8% during the 4th quarter. CI Investments Inc. now owns 4,155 shares of the financial services provider’s stock worth $384,000 after buying an additional 371 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Intercontinental Exchange by 2.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 132,242 shares of the financial services provider’s stock worth $12,239,000 after buying an additional 3,159 shares during the period. AQR Capital Management LLC increased its stake in Intercontinental Exchange by 2.5% during the 4th quarter. AQR Capital Management LLC now owns 709,230 shares of the financial services provider’s stock worth $65,639,000 after buying an additional 17,439 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Intercontinental Exchange by 15.6% during the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,700 shares of the financial services provider’s stock worth $342,000 after buying an additional 500 shares during the period. Finally, Financial Counselors Inc. increased its stake in Intercontinental Exchange by 4.4% during the 1st quarter. Financial Counselors Inc. now owns 30,621 shares of the financial services provider’s stock worth $2,473,000 after buying an additional 1,279 shares during the period. 90.40% of the stock is currently owned by hedge funds and other institutional investors.

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 3,991 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $91.26, for a total transaction of $364,218.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 37,232 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $93.89, for a total transaction of $3,495,712.48. Following the transaction, the chief executive officer now directly owns 1,496,000 shares of the company’s stock, valued at $140,459,440. The disclosure for this sale can be found here. Insiders have sold a total of 216,223 shares of company stock valued at $19,123,431 over the last three months. 1.50% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Co lifted their price target on shares of Intercontinental Exchange from $95.00 to $101.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Rosenblatt Securities reissued a “buy” rating and set a $104.00 price objective on shares of Intercontinental Exchange in a report on Friday, May 1st. Berenberg Bank raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and raised their price objective for the stock from $101.00 to $106.00 in a report on Monday, April 20th. Oppenheimer decreased their price objective on shares of Intercontinental Exchange from $106.00 to $103.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, Goldman Sachs Group raised shares of Intercontinental Exchange from a “buy” rating to a “conviction-buy” rating and set a $90.00 price objective for the company in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $102.21.

Shares of NYSE ICE traded up $0.91 during midday trading on Friday, hitting $93.77. The company’s stock had a trading volume of 1,747,467 shares, compared to its average volume of 2,658,635. Intercontinental Exchange Inc has a 1-year low of $63.51 and a 1-year high of $101.93. The firm’s fifty day moving average price is $89.14 and its 200-day moving average price is $91.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $50.82 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.54 and a beta of 0.54.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.04. Intercontinental Exchange had a net margin of 29.65% and a return on equity of 13.85%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 22.8% on a year-over-year basis. As a group, research analysts predict that Intercontinental Exchange Inc will post 4.49 earnings per share 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, Singapore, Israel, and Canada. It operates in 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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