Corient Private Wealth LLC Purchases 16,211 Shares of Intercontinental Exchange Inc. $ICE

Corient Private Wealth LLC raised its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 613,491 shares of the financial services provider’s stock after purchasing an additional 16,211 shares during the period. Corient Private Wealth LLC’s holdings in Intercontinental Exchange were worth $99,463,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Intercontinental Exchange by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider’s stock valued at $8,770,647,000 after acquiring an additional 413,639 shares in the last quarter. J. Stern & Co. LLP raised its stake 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 buying an additional 53,798,055 shares during the last quarter. State Street Corp increased its position in Intercontinental Exchange by 3.4% during the fourth quarter. State Street Corp now owns 25,653,952 shares of the financial services provider’s stock valued at $4,154,914,000 after acquiring an additional 837,208 shares during the last quarter. Morgan Stanley lifted its stake in shares of Intercontinental Exchange by 1.0% in the 4th quarter. Morgan Stanley now owns 15,875,593 shares of the financial services provider’s stock worth $2,571,212,000 after purchasing an additional 158,450 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Intercontinental Exchange by 64.7% during the third quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock valued at $1,744,480,000 after buying an additional 4,067,922 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ICE. Morgan Stanley upped their price objective on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. Rothschild & Co Redburn set a $177.00 target price on shares of Intercontinental Exchange in a report on Thursday, June 11th. UBS Group reissued a “buy” rating and issued a $205.00 price target on shares of Intercontinental Exchange in a report on Wednesday, May 20th. Barclays reissued an “overweight” rating and issued a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a report on Friday, May 1st. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Intercontinental Exchange in a report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Intercontinental Exchange Trading Down 0.1%

Shares of ICE opened at $133.76 on Friday. Intercontinental Exchange Inc. has a 1-year low of $132.84 and a 1-year high of $189.35. The company has a 50-day moving average of $151.34 and a 200 day moving average of $158.60. The firm has a market capitalization of $75.64 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The business’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 EPS. On average, research analysts expect that Intercontinental Exchange Inc. will post 8.16 EPS for the current year.

Insider Activity

In related news, Director William Jefferson Hague sold 1,333 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $139.46, for a total transaction of $185,900.18. Following the transaction, the director directly owned 20,132 shares in the company, valued at $2,807,608.72. The trade was a 6.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sharon Bowen sold 667 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $151.28, for a total value of $100,903.76. Following the sale, the director owned 15,077 shares in the company, valued at $2,280,848.56. The trade was a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 13,425 shares of company stock worth $2,046,324. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Company Profile

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.