Baldwin Brothers Inc. MA Sells 1,180 Shares of Intercontinental Exchange Inc (NYSE:ICE)

Baldwin Brothers Inc. MA lessened its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,049 shares of the financial services provider’s stock after selling 1,180 shares during the period. Baldwin Brothers Inc. MA’s holdings in Intercontinental Exchange were worth $4,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. United Bank increased its stake in Intercontinental Exchange by 0.7% in the second quarter. United Bank now owns 16,191 shares of the financial services provider’s stock valued at $1,483,000 after purchasing an additional 116 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in Intercontinental Exchange by 1.7% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 7,452 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 125 shares in the last quarter. Lester Murray Antman dba SimplyRich increased its stake in Intercontinental Exchange by 1.1% in the second quarter. Lester Murray Antman dba SimplyRich now owns 12,085 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 131 shares in the last quarter. We Are One Seven LLC increased its stake in Intercontinental Exchange by 3.6% in the second quarter. We Are One Seven LLC now owns 4,131 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 143 shares in the last quarter. Finally, Boston Financial Mangement LLC increased its stake in Intercontinental Exchange by 7.0% in the second quarter. Boston Financial Mangement LLC now owns 2,290 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 149 shares in the last quarter. 87.13% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange stock traded down $0.77 during midday trading on Friday, hitting $101.30. 2,410,670 shares of the stock were exchanged, compared to its average volume of 3,481,744. Intercontinental Exchange Inc has a 52-week low of $63.51 and a 52-week high of $106.99. The stock has a market capitalization of $54.99 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 2.55 and a beta of 0.62. The business’s 50-day moving average price is $101.14 and its 200-day moving average price is $95.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.45.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. Intercontinental Exchange had a net margin of 29.01% and a return on equity of 14.18%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, sell-side analysts predict that Intercontinental Exchange Inc will post 4.41 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on ICE shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $108.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, September 15th. Citigroup lifted their price objective on shares of Intercontinental Exchange from $108.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. UBS Group lifted their price objective on shares of Intercontinental Exchange from $121.00 to $126.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intercontinental Exchange from $114.00 to $111.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Intercontinental Exchange from $98.00 to $101.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $107.23.

In other Intercontinental Exchange news, COO Mark Wassersug sold 2,946 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $101.29, for a total value of $298,400.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 100,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $95.54, for a total transaction of $9,554,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,032 shares of company stock worth $19,530,127. 1.50% of the stock is owned by corporate insiders.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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

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