TD Waterhouse Canada Inc. Acquires 10,648 Shares of Intercontinental Exchange Inc. $ICE

TD Waterhouse Canada Inc. increased its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 57.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,024 shares of the financial services provider’s stock after buying an additional 10,648 shares during the period. TD Waterhouse Canada Inc.’s holdings in Intercontinental Exchange were worth $3,679,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. J. Stern & Co. LLP raised its stake in shares of Intercontinental Exchange by 17,398.1% in the fourth quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock worth $8,763,214,000 after acquiring an additional 53,798,055 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $6,245,085,000. State Street Corp increased its holdings in shares of Intercontinental Exchange by 3.4% in the fourth quarter. State Street Corp now owns 25,653,952 shares of the financial services provider’s stock valued at $4,154,914,000 after purchasing an additional 837,208 shares in the last quarter. Morgan Stanley increased its holdings in shares of Intercontinental Exchange by 1.0% in the fourth quarter. Morgan Stanley now owns 15,875,593 shares of the financial services provider’s stock valued at $2,571,212,000 after purchasing an additional 158,450 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Intercontinental Exchange by 16.1% in the 2nd quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock worth $1,454,209,000 after purchasing an additional 1,634,385 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,574 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total transaction of $739,935.98. Following the transaction, the general counsel owned 43,065 shares in the company, valued at approximately $6,966,625.05. This trade represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Edmonds sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.59, for a total value of $802,950.00. Following the completion of the sale, the insider directly owned 14,367 shares of the company’s stock, valued at approximately $2,307,196.53. This trade represents a 25.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 40,912 shares of company stock valued at $6,403,616 over the last quarter. 0.84% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $161.34 on Tuesday. The firm’s 50 day moving average price is $148.88 and its two-hundred day moving average price is $151.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $176.59. The stock has a market cap of $90.57 billion, a PE ratio of 22.79, a PEG ratio of 1.57 and a beta of 0.93.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.84 by $0.06. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 EPS. As a group, analysts forecast that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.

Wall Street Analyst Weigh In

ICE has been the topic of a number of recent research reports. Wall Street Zen lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings raised Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group decreased their price target on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Morgan Stanley decreased their price target on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Finally, Rothschild & Co Redburn set a $177.00 price objective on Intercontinental Exchange in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus target price of $184.17.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.