Oak Thistle LLC Makes New Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Oak Thistle LLC purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,298 shares of the financial services provider’s stock, valued at approximately $866,000. Intercontinental Exchange comprises approximately 0.8% of Oak Thistle LLC’s holdings, making the stock its 7th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Pettyjohn Wood & White Inc. boosted its stake in Intercontinental Exchange by 0.5% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock worth $2,031,000 after buying an additional 75 shares during the last quarter. Western Pacific Wealth Management LP boosted its stake in Intercontinental Exchange by 4.9% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock worth $220,000 after buying an additional 80 shares during the last quarter. Kampmann Melissa S. lifted its stake in shares of Intercontinental Exchange by 0.3% in the 4th quarter. Kampmann Melissa S. now owns 26,175 shares of the financial services provider’s stock valued at $3,362,000 after purchasing an additional 85 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Intercontinental Exchange by 0.8% in the 4th quarter. Assetmark Inc. now owns 10,224 shares of the financial services provider’s stock valued at $1,313,000 after purchasing an additional 86 shares in the last quarter. Finally, Marcum Wealth LLC lifted its stake in shares of Intercontinental Exchange by 3.2% in the 1st quarter. Marcum Wealth LLC now owns 2,802 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 87 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intercontinental Exchange news, major shareholder Intercontinental Exchange, Inc acquired 350,880 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were bought at an average cost of $0.87 per share, for a total transaction of $305,265.60. Following the acquisition, the insider now directly owns 649,934 shares of the company’s stock, valued at $565,442.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Intercontinental Exchange, Inc purchased 350,880 shares of the stock in a transaction dated Thursday, April 25th. The stock was acquired at an average cost of $0.87 per share, for a total transaction of $305,265.60. Following the acquisition, the insider now owns 649,934 shares of the company’s stock, valued at $565,442.58. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the sale, the chief executive officer now owns 1,179,895 shares of the company’s stock, valued at $161,893,392.95. The disclosure for this sale can be found here. Insiders have sold 62,894 shares of company stock worth $8,620,792 in the last three months. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Stock Up 0.0 %

ICE stock traded up $0.04 during midday trading on Monday, hitting $136.93. 2,348,929 shares of the company’s stock were exchanged, compared to its average volume of 2,348,960. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $140.43. The firm has a 50 day moving average price of $134.52 and a 200-day moving average price of $132.90. The stock has a market capitalization of $78.54 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the business earned $1.41 EPS. Intercontinental Exchange’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, analysts anticipate that Intercontinental Exchange, Inc. will post 5.96 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ICE shares. Citigroup lifted their price objective on Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Bank of America reduced their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Keefe, Bruyette & Woods reduced their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Finally, StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $151.29.

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.