Buttonwood Financial Advisors Inc. Decreases Holdings in Intercontinental Exchange Inc. $ICE

Buttonwood Financial Advisors Inc. trimmed its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,267 shares of the financial services provider’s stock after selling 60 shares during the quarter. Buttonwood Financial Advisors Inc.’s holdings in Intercontinental Exchange were worth $966,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. REAP Financial Group LLC raised its holdings in shares of Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. Tsfg LLC raised its holdings in shares of Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock valued at $27,000 after buying an additional 103 shares in the last quarter. Menard Financial Group LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $29,000. Rakuten Securities Inc. raised its holdings in shares of Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider’s stock valued at $29,000 after buying an additional 143 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in shares of Intercontinental Exchange by 4,050.0% during the 1st quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after buying an additional 162 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ICE. Piper Sandler raised their price target on Intercontinental Exchange from $180.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Barclays raised their price target on Intercontinental Exchange from $206.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, UBS Group raised their price target on Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $194.92.

Insider Transactions at Intercontinental Exchange

In other news, Director Duriya M. Farooqui sold 2,036 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $178.34, for a total value of $363,100.24. Following the sale, the director directly owned 14,299 shares in the company, valued at approximately $2,550,083.66. This trade represents a 12.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stuart Glen Williams sold 939 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $172.04, for a total value of $161,545.56. Following the completion of the sale, the chief operating officer owned 16,624 shares in the company, valued at approximately $2,859,992.96. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 231,669 shares of company stock worth $42,333,438. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $168.01 on Wednesday. The firm has a market cap of $96.17 billion, a P/E ratio of 32.25, a P/E/G ratio of 2.03 and a beta of 1.10. Intercontinental Exchange Inc. has a fifty-two week low of $142.29 and a fifty-two week high of $189.35. The business’s 50 day moving average price is $179.12 and its 200-day moving average price is $174.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.04. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.50 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $1.52 EPS. On average, equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.