HF Advisory Group LLC Buys Shares of 6,215 Intercontinental Exchange Inc. $ICE

HF Advisory Group LLC bought a new position in Intercontinental Exchange Inc. (NYSE:ICEFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund bought 6,215 shares of the financial services provider’s stock, valued at approximately $765,000.

A number of other large investors have also made changes to their positions in ICE. Ares Financial Consulting LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $25,000. Steph & Co. increased its holdings in Intercontinental Exchange by 104.7% during the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after buying an additional 89 shares during the last quarter. Brooklands Fund Management Ltd bought a new position in Intercontinental Exchange in the fourth quarter worth approximately $28,000. Swiss RE Ltd. bought a new position in Intercontinental Exchange in the fourth quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth $30,000. 89.30% of the stock is currently owned by institutional investors.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director William Jefferson Hague sold 1,333 shares of Intercontinental Exchange stock in a transaction on Friday, June 12th. The shares were sold at an average price of $139.46, for a total value of $185,900.18. Following the sale, the director directly owned 20,132 shares in the company, valued at approximately $2,807,608.72. The trade was a 6.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mayur Kapani sold 4,271 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $155.42, for a total transaction of $663,798.82. Following the completion of the sale, the chief technology officer owned 64,869 shares in the company, valued at approximately $10,081,939.98. The trade was a 6.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 20,725 shares of company stock valued at $3,133,148 in the last ninety days. Corporate insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ICE. Morgan Stanley cut their price objective on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Barclays reaffirmed an “overweight” rating and issued a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $178.00 price target on shares of Intercontinental Exchange in a report on Friday, July 31st. Raymond James Financial set a $208.00 price objective on Intercontinental Exchange in a research note on Monday, July 6th. Finally, Weiss Ratings raised Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.33.

View Our Latest Stock Report on Intercontinental Exchange

Intercontinental Exchange Trading Up 0.4%

Shares of ICE opened at $150.35 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $189.35. The company has a 50 day simple moving average of $139.52 and a two-hundred day simple moving average of $152.97. The firm has a market cap of $84.40 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 1.48 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the firm earned $1.81 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current fiscal year.

Intercontinental Exchange Profile

(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.

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

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