Pennsylvania Trust Co Purchases 24,160 Shares of Intercontinental Exchange Inc (NYSE:ICE)

Pennsylvania Trust Co grew its position in shares of Intercontinental Exchange Inc (NYSE:ICE) by 30.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,228 shares of the financial services provider’s stock after acquiring an additional 24,160 shares during the period. Pennsylvania Trust Co’s holdings in Intercontinental Exchange were worth $9,525,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Brandywine Oak Private Wealth LLC increased its position in shares of Intercontinental Exchange by 3.6% during the second quarter. Brandywine Oak Private Wealth LLC now owns 3,247 shares of the financial services provider’s stock valued at $279,000 after buying an additional 113 shares during the period. HCR Wealth Advisors increased its position in shares of Intercontinental Exchange by 0.8% during the second quarter. HCR Wealth Advisors now owns 14,559 shares of the financial services provider’s stock valued at $1,251,000 after buying an additional 113 shares during the period. Sandy Spring Bank increased its position in shares of Intercontinental Exchange by 41.8% during the second quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock valued at $35,000 after buying an additional 119 shares during the period. Carroll Financial Associates Inc. increased its position in shares of Intercontinental Exchange by 51.3% during the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock valued at $30,000 after buying an additional 122 shares during the period. Finally, Barings LLC increased its position in shares of Intercontinental Exchange by 3.2% during the second quarter. Barings LLC now owns 4,166 shares of the financial services provider’s stock valued at $358,000 after buying an additional 128 shares during the period. 89.74% of the stock is owned by hedge funds and other institutional investors.

In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 15,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $89.76, for a total value of $1,346,400.00. Following the sale, the insider now owns 408,153 shares in the company, valued at $36,635,813.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 1,100 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $93.82, for a total transaction of $103,202.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,115 shares of company stock worth $12,980,660. Corporate insiders own 1.50% of the company’s stock.



ICE traded up $1.19 during midday trading on Wednesday, reaching $94.13. The company’s stock had a trading volume of 1,809,236 shares, compared to its average volume of 2,435,074. The firm has a market capitalization of $52.68 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 3.09 and a beta of 0.50. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.40. Intercontinental Exchange Inc has a 1 year low of $69.69 and a 1 year high of $95.55. The stock’s 50-day moving average is $92.71 and its 200-day moving average is $86.15.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. As a group, equities research analysts forecast that Intercontinental Exchange Inc will post 3.77 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of Intercontinental Exchange in a research report on Monday, September 16th. They set an “outperform” rating and a $100.00 price target on the stock. ValuEngine cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup cut shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and boosted their price target for the company from $92.00 to $99.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Intercontinental Exchange from $97.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Co boosted their price target on shares of Intercontinental Exchange from $90.00 to $95.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Intercontinental Exchange presently has an average rating of “Buy” and a consensus target price of $91.88.

Intercontinental Exchange 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.

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

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