Stratos Wealth Partners LTD. Sells 563 Shares of Intercontinental Exchange Inc. $ICE

Stratos Wealth Partners LTD. cut its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,994 shares of the financial services provider’s stock after selling 563 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Intercontinental Exchange were worth $6,604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ICE. Tsfg LLC boosted its position in shares of Intercontinental Exchange by 187.3% during the first quarter. Tsfg LLC now owns 158 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 103 shares in the last quarter. Activest Wealth Management boosted its position in shares of Intercontinental Exchange by 4,050.0% during the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 162 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Intercontinental Exchange during the first quarter valued at approximately $30,000. Hilltop National Bank bought a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $31,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of Intercontinental Exchange during the first quarter valued at approximately $33,000. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ICE. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. Barclays reiterated an “overweight” rating and set a $201.00 price objective (down previously from $212.00) on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. Morgan Stanley lowered their price objective on Intercontinental Exchange from $192.00 to $188.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Keefe, Bruyette & Woods upgraded Intercontinental Exchange to a “moderate buy” rating in a research note on Monday, October 6th. Finally, UBS Group lifted their price objective on Intercontinental Exchange from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. One investment 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.60.

Intercontinental Exchange Stock Up 0.1%

ICE stock opened at $153.52 on Friday. Intercontinental Exchange Inc. has a 1-year low of $142.29 and a 1-year high of $189.35. The business has a fifty day moving average price of $170.86 and a 200-day moving average price of $173.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $87.88 billion, a P/E ratio of 29.47, a P/E/G ratio of 2.14 and a beta of 1.08.

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

Insider Transactions at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,900 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the sale, the director owned 18,169 shares in the company, valued at approximately $3,170,672.19. This 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 can be accessed through the SEC website. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $183.09, for a total value of $27,463,500.00. Following the sale, the chief executive officer owned 1,951,705 shares of the company’s stock, valued at approximately $357,337,668.45. This trade represents a 7.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 240,956 shares of company stock valued at $43,789,542. Insiders own 1.00% of the company’s stock.

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.