Intercontinental Exchange Inc. $ICE Shares Purchased by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC boosted its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 319.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,297 shares of the financial services provider’s stock after purchasing an additional 9,368 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Intercontinental Exchange were worth $1,514,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Investors Research Corp increased its position in shares of Intercontinental Exchange by 76.1% in the second quarter. Investors Research Corp now owns 6,825 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 2,950 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Intercontinental Exchange during the 2nd quarter valued at $280,000. Rehmann Capital Advisory Group lifted its holdings in shares of Intercontinental Exchange by 1.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 8,317 shares of the financial services provider’s stock valued at $1,024,000 after acquiring an additional 111 shares in the last quarter. Sigma Planning Corp boosted its position in Intercontinental Exchange by 129.2% during the 2nd quarter. Sigma Planning Corp now owns 3,413 shares of the financial services provider’s stock worth $420,000 after purchasing an additional 1,924 shares during the period. Finally, Two Sigma Securities LLC boosted its position in Intercontinental Exchange by 172.5% during the 2nd quarter. Two Sigma Securities LLC now owns 6,747 shares of the financial services provider’s stock worth $831,000 after purchasing an additional 4,271 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 4,574 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total transaction of $739,935.98. Following the completion of the sale, the general counsel owned 43,065 shares in the company, valued at $6,966,625.05. This trade represents a 9.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martha A. Tirinnanzi sold 1,340 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $161.16, for a total value of $215,954.40. Following the sale, the director owned 3,747 shares in the company, valued at $603,866.52. This represents a 26.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 23,141 shares of company stock valued at $3,554,192. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $159.21 on Wednesday. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $177.00. The company has a market capitalization of $89.38 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s fifty day moving average price is $146.01 and its 200 day moving average price is $151.40.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $2.63 billion. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.81 EPS. On average, research analysts forecast that Intercontinental Exchange Inc. will post 8.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ICE has been the subject of several recent research reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $218.00 price target on shares of Intercontinental Exchange in a report on Tuesday. Piper Sandler decreased their target price on Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Weiss Ratings upgraded Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Rothschild & Co Redburn set a $177.00 target price on Intercontinental Exchange in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $178.00 price target on shares of Intercontinental Exchange in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.17.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.