Capital Analysts LLC cut its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,761 shares of the financial services provider’s stock after selling 1,640 shares during the quarter. Intercontinental Exchange accounts for 0.5% of Capital Analysts LLC’s holdings, making the stock its 27th biggest position. Capital Analysts LLC’s holdings in Intercontinental Exchange were worth $4,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. IHT Wealth Management LLC grew its stake in shares of Intercontinental Exchange by 10.8% during the 2nd quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 18 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Intercontinental Exchange by 0.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,483 shares of the financial services provider’s stock worth $559,000 after acquiring an additional 29 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of Intercontinental Exchange by 2.2% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 32 shares in the last quarter. Aspen Investment Management Inc grew its stake in shares of Intercontinental Exchange by 0.6% during the 2nd quarter. Aspen Investment Management Inc now owns 8,820 shares of the financial services provider’s stock worth $581,000 after acquiring an additional 50 shares in the last quarter. Finally, Jump Trading LLC grew its stake in shares of Intercontinental Exchange by 0.4% during the 2nd quarter. Jump Trading LLC now owns 15,248 shares of the financial services provider’s stock worth $1,005,000 after acquiring an additional 68 shares in the last quarter. 90.21% of the stock is owned by institutional investors.

In other news, CEO Jeffrey C. Sprecher sold 80,420 shares of Intercontinental Exchange stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $65.24, for a total transaction of $5,246,600.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles A. Vice sold 12,500 shares of Intercontinental Exchange stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $64.32, for a total value of $804,000.00. Following the sale, the insider now directly owns 382,471 shares of the company’s stock, valued at approximately $24,600,534.72. The disclosure for this sale can be found here. Insiders have sold a total of 155,550 shares of company stock valued at $10,414,330 in the last ninety days. Insiders own 1.50% of the company’s stock.

Several brokerages have recently weighed in on ICE. Wells Fargo & Company raised their price target on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, October 5th. Royal Bank Of Canada reissued a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, August 15th. Citigroup Inc. increased their price objective on Intercontinental Exchange from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. UBS AG increased their price objective on Intercontinental Exchange from $73.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $73.00 price objective (up previously from $70.00) on shares of Intercontinental Exchange in a report on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Intercontinental Exchange currently has an average rating of “Buy” and an average target price of $73.30.

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Shares of Intercontinental Exchange Inc. (ICE) traded up $0.07 during trading on Monday, reaching $66.27. The company’s stock had a trading volume of 1,621,700 shares, compared to its average volume of 2,656,807. Intercontinental Exchange Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $71.24. The firm has a market cap of $39,220.00, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. sell-side analysts expect that Intercontinental Exchange Inc. will post 2.95 EPS for the current year.

Intercontinental Exchange declared that its Board of Directors has approved a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

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

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