Blair William & Co. IL Boosts Holdings in Intercontinental Exchange Inc (NYSE:ICE)

Blair William & Co. IL increased its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 0.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,695,662 shares of the financial services provider’s stock after acquiring an additional 7,831 shares during the quarter. Intercontinental Exchange accounts for 0.9% of Blair William & Co. IL’s portfolio, making the stock its 25th largest position. Blair William & Co. IL’s holdings in Intercontinental Exchange were worth $136,925,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ICE. Janney Montgomery Scott LLC lifted its holdings in Intercontinental Exchange by 6.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,658 shares of the financial services provider’s stock valued at $1,449,000 after purchasing an additional 935 shares in the last quarter. NEXT Financial Group Inc lifted its holdings in Intercontinental Exchange by 32.0% during the fourth quarter. NEXT Financial Group Inc now owns 1,214 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 294 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Intercontinental Exchange by 4.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 2,400 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 108 shares in the last quarter. Savior LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $39,000. Finally, Global Retirement Partners LLC lifted its holdings in Intercontinental Exchange by 27.0% during the fourth quarter. Global Retirement Partners LLC now owns 691 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 147 shares in the last quarter. 90.40% of the stock is currently owned by institutional investors and hedge funds.

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 175,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $87.22, for a total transaction of $15,263,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 3,991 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $91.26, for a total transaction of $364,218.66. The disclosure for this sale can be found here. Insiders sold 216,223 shares of company stock worth $19,123,431 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Several equities analysts have weighed in on the stock. Deutsche Bank lifted their price target on shares of Intercontinental Exchange from $105.00 to $107.00 and gave the company a “buy” rating in a report on Friday, May 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $104.00 price target on shares of Intercontinental Exchange in a report on Friday, May 1st. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating and set a $105.00 price target on the stock. in a report on Thursday, March 5th. Citigroup lifted their price objective on shares of Intercontinental Exchange from $93.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Oppenheimer reduced their price objective on shares of Intercontinental Exchange from $106.00 to $103.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $102.21.

ICE traded up $0.91 during trading hours on Friday, hitting $93.77. The company’s stock had a trading volume of 1,747,467 shares, compared to its average volume of 2,658,635. The business’s 50-day moving average price is $89.14 and its 200-day moving average price is $91.10. Intercontinental Exchange Inc has a 12 month low of $63.51 and a 12 month high of $101.93. The stock has a market cap of $50.82 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 2.54 and a beta of 0.54. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. Intercontinental Exchange had a net margin of 29.65% and a return on equity of 13.85%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. Intercontinental Exchange’s quarterly revenue was up 22.8% on a year-over-year basis. On average, analysts forecast that Intercontinental Exchange Inc will post 4.49 earnings per share for the current year.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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

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