Kestra Advisory Services LLC Has $6.17 Million Holdings in Intercontinental Exchange Inc. $ICE

Kestra Advisory Services LLC increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICEFree Report) by 18.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,258 shares of the financial services provider’s stock after buying an additional 5,988 shares during the period. Kestra Advisory Services LLC’s holdings in Intercontinental Exchange were worth $6,175,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of Intercontinental Exchange by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 191,658 shares of the financial services provider’s stock worth $31,041,000 after buying an additional 10,742 shares during the period. USS Investment Management Ltd lifted its position in shares of Intercontinental Exchange by 37.2% during the 1st quarter. USS Investment Management Ltd now owns 946,920 shares of the financial services provider’s stock valued at $148,960,000 after acquiring an additional 256,851 shares during the period. Walter Public Investments Inc. boosted its stake in Intercontinental Exchange by 13.8% during the fourth quarter. Walter Public Investments Inc. now owns 124,993 shares of the financial services provider’s stock worth $20,244,000 after acquiring an additional 15,129 shares in the last quarter. Vanguard Group Inc. boosted its stake in Intercontinental Exchange by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider’s stock worth $8,770,647,000 after acquiring an additional 413,639 shares in the last quarter. Finally, OFI Invest Asset Management grew its holdings in Intercontinental Exchange by 51,986.3% in the fourth quarter. OFI Invest Asset Management now owns 400,544 shares of the financial services provider’s stock worth $64,872,000 after purchasing an additional 399,775 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $137.61 on Wednesday. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $189.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $141.72 and a 200-day moving average price of $155.20. The company has a market cap of $77.82 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. Intercontinental Exchange’s revenue was up 20.4% compared to the same quarter last year. Equities analysts anticipate that Intercontinental Exchange Inc. will post 8.11 earnings per share for the current fiscal year.

Insider Activity at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 4,271 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $155.42, for a total transaction of $663,798.82. Following the transaction, the chief technology officer directly owned 64,869 shares in the company, valued at approximately $10,081,939.98. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Jefferson Hague sold 1,333 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $139.46, for a total transaction of $185,900.18. Following the completion of the sale, the director owned 20,132 shares of the company’s stock, valued at approximately $2,807,608.72. This trade represents a 6.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,425 shares of company stock valued at $2,046,324 over the last three months. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

ICE has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Morgan Stanley cut their price objective on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. The Goldman Sachs Group reduced their target price on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Raymond James Financial set a $208.00 target price on Intercontinental Exchange in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods assumed coverage on Intercontinental Exchange in a report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price target on the stock. 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 data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $183.33.

Read Our Latest Report on ICE

About Intercontinental Exchange

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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