Sanctuary Advisors LLC Sells 5,433 Shares of Intercontinental Exchange Inc. $ICE

Sanctuary Advisors LLC decreased its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,337 shares of the financial services provider’s stock after selling 5,433 shares during the period. Sanctuary Advisors LLC’s holdings in Intercontinental Exchange were worth $13,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. J. Stern & Co. LLP increased its position in Intercontinental Exchange by 17,398.1% during the 4th quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock valued at $8,763,214,000 after purchasing an additional 53,798,055 shares during the period. Norges Bank acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $1,418,228,000. Viking Global Investors LP bought a new position in Intercontinental Exchange during the fourth quarter worth $777,926,000. Boston Partners raised its stake in Intercontinental Exchange by 148.6% during the fourth quarter. Boston Partners now owns 3,203,845 shares of the financial services provider’s stock worth $519,701,000 after buying an additional 1,914,851 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in Intercontinental Exchange by 569.8% in the fourth quarter. Focus Partners Wealth now owns 2,210,948 shares of the financial services provider’s stock valued at $358,142,000 after buying an additional 1,880,835 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total value of $693,083.88. Following the completion of the sale, the general counsel directly owned 45,473 shares of the company’s stock, valued at approximately $6,891,887.88. This represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sharon Bowen sold 667 shares of Intercontinental Exchange stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total transaction of $100,903.76. Following the transaction, the director directly owned 15,077 shares in the company, valued at $2,280,848.56. This represents a 4.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 13,425 shares of company stock worth $2,046,324 in the last 90 days. Company insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ICE. Morgan Stanley cut their target price on Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. The Goldman Sachs Group reduced their price objective on shares of Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Rothschild & Co Redburn set a $177.00 target price on shares of Intercontinental Exchange in a research report on Thursday, June 11th. Weiss Ratings lowered shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Finally, Barclays decreased their price target on shares of Intercontinental Exchange from $201.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $181.58.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $141.63 on Friday. The firm has a market capitalization of $80.09 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94. The firm has a fifty day simple moving average of $141.16 and a two-hundred day simple moving average of $154.89. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm earned $1.72 earnings per share. Analysts forecast that Intercontinental Exchange Inc. will post 8.11 EPS for the current fiscal year.

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.