Securian Asset Management Inc. Has $5.50 Million Stake in Intercontinental Exchange Inc. $ICE

Securian Asset Management Inc. trimmed its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,973 shares of the financial services provider’s stock after selling 465 shares during the period. Securian Asset Management Inc.’s holdings in Intercontinental Exchange were worth $5,499,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICE. Brighton Jones LLC increased its stake in Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock valued at $514,000 after buying an additional 1,169 shares during the last quarter. GAMMA Investing LLC increased its stake in Intercontinental Exchange by 42.0% in the 1st quarter. GAMMA Investing LLC now owns 13,129 shares of the financial services provider’s stock valued at $2,265,000 after buying an additional 3,883 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Intercontinental Exchange by 12.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,169 shares of the financial services provider’s stock valued at $6,067,000 after buying an additional 3,760 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Intercontinental Exchange by 66.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 584 shares of the financial services provider’s stock valued at $101,000 after buying an additional 234 shares during the last quarter. Finally, ORG Partners LLC increased its stake in Intercontinental Exchange by 39.0% in the 1st quarter. ORG Partners LLC now owns 278 shares of the financial services provider’s stock valued at $48,000 after buying an additional 78 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $155.36 on Tuesday. The company has a market capitalization of $88.93 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50-day simple moving average of $170.25 and a 200 day simple moving average of $173.57. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, July 31st. The financial services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.77 by $0.04. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $2.50 billion. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. Intercontinental Exchange’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. On average, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ICE. Morgan Stanley lowered their price target on shares of Intercontinental Exchange from $192.00 to $188.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. UBS Group boosted their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price objective on shares of Intercontinental Exchange from $195.00 to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. Finally, Raymond James Financial upgraded shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price objective on the stock in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $199.60.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,900 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $174.51, for a total value of $506,079.00. Following the completion of the sale, the director owned 18,169 shares of the company’s stock, valued at $3,170,672.19. The trade was a 13.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Stuart Glen Williams sold 939 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $172.04, for a total transaction of $161,545.56. Following the completion of the sale, the chief operating officer directly owned 16,624 shares of the company’s stock, valued at $2,859,992.96. This represents a 5.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 240,956 shares of company stock worth $43,789,542 in the last ninety days. Insiders own 1.00% of the company’s stock.

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.