Intercontinental Exchange Inc. $ICE Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 91.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,305 shares of the financial services provider’s stock after purchasing an additional 10,677 shares during the quarter. SG Americas Securities LLC’s holdings in Intercontinental Exchange were worth $4,092,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ICE. Advisors Capital Management LLC raised its holdings in shares of Intercontinental Exchange by 25.0% during the first quarter. Advisors Capital Management LLC now owns 1,978 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 396 shares during the period. Trillium Asset Management LLC boosted its holdings in shares of Intercontinental Exchange by 12.0% in the 2nd quarter. Trillium Asset Management LLC now owns 272,010 shares of the financial services provider’s stock valued at $49,907,000 after buying an additional 29,250 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Intercontinental Exchange by 6.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 886,369 shares of the financial services provider’s stock valued at $161,195,000 after buying an additional 55,057 shares during the last quarter. King Luther Capital Management Corp raised its stake in Intercontinental Exchange by 19.7% during the second quarter. King Luther Capital Management Corp now owns 294,112 shares of the financial services provider’s stock worth $53,961,000 after acquiring an additional 48,344 shares during the period. Finally, Lecap Asset Management Ltd. bought a new position in Intercontinental Exchange in the second quarter worth about $1,075,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total transaction of $506,079.00. Following the transaction, the director owned 18,169 shares in the company, valued at $3,170,672.19. This trade represents a 13.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 2,081 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $151.00, for a total value of $314,231.00. Following the completion of the sale, the general counsel owned 44,212 shares of the company’s stock, valued at $6,676,012. This trade represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 25,668 shares of company stock worth $4,304,167 in the last three months. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ICE shares. UBS Group lowered their target price on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a report on Friday, October 31st. Morgan Stanley lowered their price objective on Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. reduced their price target on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Wall Street Zen cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $194.70.

Intercontinental Exchange Stock Down 1.2%

Shares of Intercontinental Exchange stock opened at $150.27 on Tuesday. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35. The company has a market capitalization of $85.68 billion, a P/E ratio of 28.84, a PEG ratio of 2.11 and a beta of 1.06. The business’s fifty day moving average price is $159.70 and its two-hundred day moving average price is $172.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting analysts’ consensus estimates of $1.71. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a return on equity of 13.66% and a net margin of 23.92%.The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. As a group, research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Company Profile

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.