Intercontinental Exchange Inc. $ICE Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 21.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,945 shares of the financial services provider’s stock after purchasing an additional 344 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Intercontinental Exchange were worth $357,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ICE. Price T Rowe Associates Inc. MD lifted its holdings in Intercontinental Exchange by 491.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider’s stock worth $1,109,780,000 after buying an additional 5,345,388 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Intercontinental Exchange in the first quarter valued at $575,383,000. Wellington Management Group LLP boosted its holdings in Intercontinental Exchange by 113.9% in the first quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider’s stock valued at $1,025,230,000 after purchasing an additional 3,165,381 shares during the period. C WorldWide Group Holding A S grew its stake in Intercontinental Exchange by 29,199.5% during the 2nd quarter. C WorldWide Group Holding A S now owns 1,652,201 shares of the financial services provider’s stock worth $303,129,000 after purchasing an additional 1,646,562 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Intercontinental Exchange by 31.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,575,859 shares of the financial services provider’s stock worth $616,836,000 after purchasing an additional 861,679 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on ICE. Barclays set a $183.00 price target on Intercontinental Exchange and gave the company an “overweight” rating in a research report on Friday, October 31st. Morgan Stanley reduced their target price on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st. UBS Group decreased their price target on shares of Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, October 31st. TD Cowen dropped their price objective on shares of Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Keefe, Bruyette & Woods upgraded shares of Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. One investment 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 stock. According to data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.82.

Insider Activity at Intercontinental Exchange

In related news, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $183.09, for a total value of $27,463,500.00. Following the completion of the sale, the chief executive officer directly owned 1,951,705 shares of the company’s stock, valued at $357,337,668.45. This represents a 7.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 3,850 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $178.33, for a total value of $686,570.50. Following the transaction, the general counsel directly owned 46,293 shares in the company, valued at approximately $8,255,430.69. This trade represents a 7.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 240,162 shares of company stock valued at $43,642,652. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Up 1.0%

Shares of NYSE:ICE opened at $148.93 on Monday. The firm has a 50 day simple moving average of $162.47 and a 200-day simple moving average of $173.20. Intercontinental Exchange Inc. has a twelve month low of $142.29 and a twelve month high of $189.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $84.92 billion, a PE ratio of 28.59, a P/E/G ratio of 2.11 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting analysts’ consensus estimates of $1.71. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the firm posted $1.55 EPS. The company’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

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.