Hyperion Capital Advisors LP Sells 4,666 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Hyperion Capital Advisors LP trimmed its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.6% in the third quarter, Holdings Channel.com reports. The fund owned 176,151 shares of the financial services provider’s stock after selling 4,666 shares during the period. Intercontinental Exchange makes up about 13.3% of Hyperion Capital Advisors LP’s holdings, making the stock its largest holding. Hyperion Capital Advisors LP’s holdings in Intercontinental Exchange were worth $28,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in Intercontinental Exchange by 819.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock valued at $18,764,000 after acquiring an additional 122,169 shares during the last quarter. BDF Gestion purchased a new stake in shares of Intercontinental Exchange during the second quarter worth about $2,849,000. Burke & Herbert Bank & Trust Co. purchased a new stake in shares of Intercontinental Exchange during the second quarter worth about $1,366,000. Blue Trust Inc. grew its holdings in shares of Intercontinental Exchange by 312.4% during the second quarter. Blue Trust Inc. now owns 5,180 shares of the financial services provider’s stock worth $712,000 after buying an additional 3,924 shares in the last quarter. Finally, GDS Wealth Management grew its holdings in Intercontinental Exchange by 5.3% in the third quarter. GDS Wealth Management now owns 103,412 shares of the financial services provider’s stock valued at $16,612,000 after purchasing an additional 5,226 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ICE shares. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a report on Monday, October 14th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Barclays cut their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $174.13.

Insider Buying and Selling at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the transaction, the president now directly owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the sale, the insider now directly owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. The trade was a 4.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,696 shares of company stock valued at $1,554,559. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Price Performance

ICE stock opened at $161.19 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Intercontinental Exchange, Inc. has a one year low of $111.82 and a one year high of $167.99. The firm has a market capitalization of $92.55 billion, a PE ratio of 38.18, a P/E/G ratio of 2.64 and a beta of 1.08. The firm has a 50-day moving average of $160.55 and a two-hundred day moving average of $151.59.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. The business’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts forecast that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

About Intercontinental Exchange

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.