Harbour Capital Advisors LLC Decreases Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Harbour Capital Advisors LLC lowered its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,496 shares of the financial services provider’s stock after selling 862 shares during the quarter. Intercontinental Exchange makes up approximately 0.9% of Harbour Capital Advisors LLC’s portfolio, making the stock its 29th biggest position. Harbour Capital Advisors LLC’s holdings in Intercontinental Exchange were worth $4,120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ICE. M&T Bank Corp boosted its holdings in shares of Intercontinental Exchange by 33.2% during the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider’s stock worth $7,500,000 after purchasing an additional 11,648 shares during the period. Toronto Dominion Bank lifted its stake in Intercontinental Exchange by 1.6% in the third quarter. Toronto Dominion Bank now owns 310,560 shares of the financial services provider’s stock worth $49,888,000 after acquiring an additional 4,973 shares during the period. Oddo BHF Asset Management Sas bought a new stake in Intercontinental Exchange in the third quarter valued at $14,880,000. GDS Wealth Management increased its position in Intercontinental Exchange by 5.3% during the 3rd 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. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Intercontinental Exchange by 6.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 169,270 shares of the financial services provider’s stock worth $27,192,000 after purchasing an additional 10,399 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Up 0.6 %

Shares of Intercontinental Exchange stock traded up $0.83 on Monday, reaching $143.63. The company’s stock had a trading volume of 1,618,419 shares, compared to its average volume of 2,753,775. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $167.99. The firm’s fifty day simple moving average is $154.09 and its two-hundred day simple moving average is $155.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $82.47 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 2.57 and a beta of 1.10.

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

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was 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 trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,533 shares of company stock valued at $1,196,279 over the last three months. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ICE shares. Bank of America boosted their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods decreased their price objective on Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a report on Monday. Finally, TD Cowen initiated coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They set a “buy” rating and a $182.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.20.

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.