Corient Private Wealth LLC Acquires 21,766 Shares of Intercontinental Exchange Inc. $ICE

Corient Private Wealth LLC lifted its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 2.6% during the second quarter, Holdings Channel.com reports. The firm owned 855,631 shares of the financial services provider’s stock after acquiring an additional 21,766 shares during the quarter. Corient Private Wealth LLC’s holdings in Intercontinental Exchange were worth $156,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Intercontinental Exchange by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 53,685,491 shares of the financial services provider’s stock worth $9,849,677,000 after purchasing an additional 745,135 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Intercontinental Exchange by 1.2% in the second quarter. Geode Capital Management LLC now owns 12,438,154 shares of the financial services provider’s stock valued at $2,270,657,000 after buying an additional 145,961 shares during the period. Norges Bank bought a new position in shares of Intercontinental Exchange during the second quarter worth about $1,542,780,000. Price T Rowe Associates Inc. MD raised its position in shares of Intercontinental Exchange by 491.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,433,497 shares of the financial services provider’s stock worth $1,109,780,000 after acquiring an additional 5,345,388 shares during the last quarter. Finally, Amundi lifted its stake in shares of Intercontinental Exchange by 14.7% in the first quarter. Amundi now owns 6,315,706 shares of the financial services provider’s stock worth $1,060,574,000 after acquiring an additional 810,938 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 2,081 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $151.00, for a total transaction of $314,231.00. Following the transaction, the general counsel owned 44,212 shares of the company’s stock, valued at $6,676,012. This represents a 4.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Judith A. Sprieser sold 3,700 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $157.96, for a total value of $584,452.00. Following the completion of the sale, the director directly owned 14,469 shares of the company’s stock, valued at $2,285,523.24. The trade was a 20.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 175,489 shares of company stock valued at $26,972,956. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $163.21 on Monday. The firm has a 50 day moving average of $154.98 and a 200-day moving average of $170.11. The company has a market cap of $93.06 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 2.53 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. Intercontinental Exchange Inc. has a 52 week low of $142.29 and a 52 week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.71. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. Intercontinental Exchange’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. On average, equities analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods raised shares of Intercontinental Exchange to a “moderate buy” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 8th. Raymond James Financial upgraded shares of Intercontinental Exchange from an “outperform” rating to a “strong-buy” rating and set a $210.00 price objective for the company in a research report on Monday, October 13th. Barclays set a $183.00 target price on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Morgan Stanley cut their price target on shares of Intercontinental Exchange from $188.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $194.70.

Intercontinental Exchange 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.