Intercontinental Exchange Inc. $ICE Holdings Raised by Cerity Partners LLC

Cerity Partners LLC increased its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,446 shares of the financial services provider’s stock after purchasing an additional 14,401 shares during the quarter. Cerity Partners LLC’s holdings in Intercontinental Exchange were worth $48,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ICE. Norges Bank purchased a new position in shares of Intercontinental Exchange in the second quarter worth approximately $1,542,780,000. Price T Rowe Associates Inc. MD boosted its stake in Intercontinental Exchange by 491.3% in 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 purchasing an additional 5,345,388 shares during the period. Nuveen LLC purchased a new position in Intercontinental Exchange during the 1st quarter worth approximately $575,383,000. Wellington Management Group LLP grew its position in Intercontinental Exchange by 113.9% during the 1st quarter. Wellington Management Group LLP now owns 5,943,363 shares of the financial services provider’s stock worth $1,025,230,000 after purchasing an additional 3,165,381 shares in the last quarter. Finally, Sands Capital Management LLC raised its stake in Intercontinental Exchange by 97.3% during the 2nd quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after purchasing an additional 2,620,310 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. UBS Group decreased their target price on Intercontinental Exchange from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. Raymond James Financial raised shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price target for the company in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $194.70.

Intercontinental Exchange Stock Down 0.9%

Shares of Intercontinental Exchange stock opened at $157.63 on Monday. The firm has a market cap of $89.88 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 2.40 and a beta of 1.04. The stock has a 50-day simple moving average of $155.39 and a 200-day simple moving average of $170.68. Intercontinental Exchange Inc. has a 52-week low of $142.29 and a 52-week high of $189.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share for the quarter, meeting the consensus estimate of $1.71. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. On average, equities research analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intercontinental Exchange news, CFO Warren Gardiner sold 1,572 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $153.65, for a total value of $241,537.80. Following the completion of the sale, the chief financial officer owned 20,534 shares of the company’s stock, valued at $3,155,049.10. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $153.08, for a total value of $22,962,000.00. Following the transaction, the chief executive officer directly owned 1,801,705 shares in the company, valued at approximately $275,805,001.40. This represents a 7.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 168,044 shares of company stock worth $25,832,095 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

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.