Moreno Evelyn V grew its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,174 shares of the financial services provider’s stock after buying an additional 1,060 shares during the period. Moreno Evelyn V’s holdings in Intercontinental Exchange were worth $5,944,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Rosenbaum Jay D. lifted its holdings in Intercontinental Exchange by 3.0% during the 2nd quarter. Rosenbaum Jay D. now owns 8,215 shares of the financial services provider’s stock worth $705,000 after buying an additional 240 shares during the last quarter. Watch Point Trust Co lifted its holdings in shares of Intercontinental Exchange by 19.3% in the 2nd quarter. Watch Point Trust Co now owns 35,086 shares of the financial services provider’s stock worth $3,015,000 after purchasing an additional 5,670 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of Intercontinental Exchange in the 2nd quarter worth approximately $58,000. Cohen Lawrence B lifted its holdings in shares of Intercontinental Exchange by 2.1% in the 2nd quarter. Cohen Lawrence B now owns 23,081 shares of the financial services provider’s stock worth $1,984,000 after purchasing an additional 465 shares during the last quarter. Finally, Ardevora Asset Management LLP lifted its holdings in shares of Intercontinental Exchange by 2.6% in the 2nd quarter. Ardevora Asset Management LLP now owns 478,603 shares of the financial services provider’s stock worth $41,131,000 after purchasing an additional 12,100 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors.
Shares of ICE stock traded up $1.09 during mid-day trading on Thursday, hitting $90.36. 677,008 shares of the stock traded hands, compared to its average volume of 2,087,544. Intercontinental Exchange Inc has a twelve month low of $69.69 and a twelve month high of $93.40. The stock has a market capitalization of $50.76 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 2.93 and a beta of 0.50. The stock’s 50-day simple moving average is $89.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.40.
Several analysts recently issued reports on the company. ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Citigroup downgraded Intercontinental Exchange from a “buy” rating to a “neutral” rating and raised their price target for the stock from $92.00 to $99.00 in a report on Monday, July 22nd. Finally, Raymond James raised their price target on Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $88.21.
In related news, Director Vincent Tese sold 2,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $81.87, for a total value of $163,740.00. Following the transaction, the director now directly owns 35,004 shares in the company, valued at approximately $2,865,777.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 2,445 shares of Intercontinental Exchange stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $81.10, for a total value of $198,289.50. The disclosure for this sale can be found here. Insiders sold a total of 179,966 shares of company stock worth $15,414,996 over the last 90 days. Insiders own 1.50% of the company’s stock.
Intercontinental Exchange Company Profile
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, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
Further Reading: How does a margin account work?
Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.